• Russia proposes fines, forced labor, and prison for unregistered crypto mining.
• Harsher penalties target organized mining groups earning above 13.5M rubles.
• Mandatory registration aims to curb underground mining and tax evasion risks.

Russia is moving closer to criminal penalties for illegal cryptocurrency mining as authorities tighten oversight of the sector. The Ministry of Justice has proposed amendments that would introduce fines, forced labor, and prison terms for unregistered mining activities. The proposal reflects growing concern about energy misuse, tax evasion, and unregulated digital income. 

Consequently, officials aim to strengthen enforcement as crypto mining expands nationwide. The initiative also signals a broader shift toward stricter financial discipline in Russia’s digital economy.

The proposed changes introduce a new article into the Crimin…

Read The Full Article Russian Justice Ministry Pushes Jail Time for Illegal Crypto Mining On Coin Edition.

• Russia proposes fines, forced labor, and prison for unregistered crypto mining.
• Harsher penalties target organized mining groups earning above 13.5M rubles.
• Mandatory registration aims to curb underground mining and tax evasion risks.

Russia is moving closer to criminal penalties for illegal cryptocurrency mining as authorities tighten oversight of the sector. The Ministry of Justice has proposed amendments that would introduce fines, forced labor, and prison terms for unregistered mining activities. The proposal reflects growing concern about energy misuse, tax evasion, and unregulated digital income. 

Consequently, officials aim to strengthen enforcement as crypto mining expands nationwide. The initiative also signals a broader shift toward stricter financial discipline in Russia’s digital economy.

The proposed changes introduce a new article into the Crimin…

Read The Full Article Russian Justice Ministry Pushes Jail Time for Illegal Crypto Mining On Coin Edition.