Russia Tightens Control on Crypto Mining: Criminal Penalties for Illegal Operations

The Russian government is taking a hard stance against illegal cryptocurrency mining as it seeks to tighten regulation within the industry. This move, spearheaded by Rosfinmonitoring Russia, aims to address concerns about financial crime and money laundering. Details of the penalties are still under development but could include fines, imprisonment, asset confiscation, or disqualification from future crypto activities.