Russia to Criminalize Illegal Crypto Mining: Tougher Regulations for Cryptocurrency Operations

Russia is taking a decisive stance against illegal cryptocurrency mining, aiming to combat money laundering through stricter legislation. Rosfinmonitoring, the country’s anti-money laundering agency, has proposed amendments that would criminalize such activities. This move aligns with growing global regulatory pressure on cryptocurrencies and underscores Russia’s commitment to robust financial security. Support for this initiative comes from the Ministry of Finance, the Central Bank, and the Chamber of Commerce, indicating a collaborative effort to tighten regulations within the country’s crypto sector. ]