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Russia Proposes Prison Terms, Heavy Fines for Unregistered Crypto Miners
Russia Proposes Prison Terms, Heavy Fines for Unregistered Crypto Miners
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BTCCSquare news:
Russia's State Duma is advancing legislation that would impose severe penalties—including fines up to 2 million rubles ($25,000) and five-year prison sentences—on unregistered cryptocurrency miners. The bill targets individuals and organizations operating mining infrastructure without government approval, with escalated punishments for large-scale violations causing financial damages exceeding 13 million rubles.
The move coincides with Russia's expansion of mining bans to two additional regions, tightening control over an industry legalized in late 2024. Organized mining operations face particularly harsh consequences, reflecting Moscow's push to regulate crypto asset production amid global scrutiny of energy-intensive mining practices.
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