Russia Proposes New Laws to Seize Crypto Assets from Illegal Miners

Russia''s Ministry of Digital Development has drafted legislation that WOULD empower courts to confiscate cryptocurrencies from unauthorized mining operations. The proposed measures, currently under interdepartmental review, mark a significant escalation in regulatory enforcement.

Individual miners face fines ranging from 100,000 to 200,000 rubles ($1,270-$2,540), while corporate entities could be penalized up to 2 million rubles ($25,455). Infrastructure operators must now report activities to Rosfinmonitoring or risk substantial penalties.

The legislation reclassifies serious mining violations as criminal offenses rather than administrative infractions. Current regulations permit home mining below 6,000 kWh monthly, though approximately ten regions maintain stricter limits.