Russia is taking a decisive step to combat illegal cryptocurrency mining, proposing criminal penalties for such activities. This move aims to prevent financial system exploitation and redirect mining operations to legitimate sources. The initiative involves collaboration between the Federal Financial Monitoring Service (Rosfinmonitoring), Ministry of Finance, and Central Bank, with support from the State Duma. The potential impacts are significant. A similar crackdown in China led to a global hashrate drop and relocation of mining operations. Experts predict that this Russian legislation could have a similar effect on Bitcoin’s production levels, leading to short-term production drops and increased transaction times.