The Russian State Duma Committee has recommended the first reading approval of a bill imposing criminal penalties for illegal cryptocurrency mining. The proposed legislation seeks to amend the Criminal Code to include unregistered mining and unauthorized provision of mining infrastructure. Entities earning over 13 million rubles (approximately $140,000) from illegal activities could face up to five years in prison, with all illegally mined crypto assets subject to confiscation. Official data indicates that Russia has around 50,000 mining entities, but fewer than 1,500 are legally registered. The new law aims to enforce compliance among illegal miners.
Russian Duma Proposes Criminal Penalties for Illegal Crypto Mining
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