Russia plans to pass legislation to crack down on illegal mining, with 13 regions already fully banning mining activities.

CycleProphet · 2026-04-02T05:57:22+00:00

The Russian government has submitted a bill to impose criminal penalties for illegal cryptocurrency mining, with violators facing fines of up to 2 million rubles and up to 5 years in prison. Currently, there are fewer than 1,500 registered miners, and the mining ban has been expanded to 13 regions, with the ban lasting until 2031.

CycleProphet

2026-04-02 05:57:22

Abstract generation in progress

Deep Tide TechFlow message, April 02, according to Cryptopolitan, the Russian government submitted a bill to the State Duma proposing criminal penalties for illegal cryptocurrency mining activities. Violators would face fines of up to 2 million rubles (about $25,000) and up to five years in prison. Currently, around 50,000 individuals and entities are engaged in mining activities, but the number of registered participants is fewer than 1,500. Meanwhile, Russia has expanded its mining ban to 13 regions, including the Republic of Buryatia in Siberia and the Zabaykalsky Krai, and the ban will last until 2031. The energy minister of the Moscow region has also proposed banning mining in the capital and the Moscow region, saying local mining consumes about 1GW of electricity and makes no real contribution to the regional economy. Russia previously legalized mining by the end of 2024, but requires those in the industry to complete registration with the Federal Tax Service and pay taxes according to the law.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.