Russian Ministry of Justice proposes prison penalties for unauthorized crypto miners
Crypto Briefing
Russia's Ministry of Justice proposed criminal penalties, including prison time, for unregistered cryptocurrency miners.Summary
The Russian Ministry of Justice has proposed amendments to the Criminal Code to introduce stringent penalties for illegal cryptocurrency mining, aiming to enforce compliance with regulations established in November 2024, which legalized and required registration with the Federal Tax Service for miners. Under the proposal, unauthorized mining could lead to fines up to 1.5 million rubles or two years of compulsory labor. Penalties would escalate to five years in prison for those generating major profits or operating as part of organized crime. These measures are published on Russia’s official legal and regulatory draft portal to regulate the growing digital asset sector.
(Source：Crypto Briefing)