Russia Unveils New Regulations to Combat Illegal Crypto Mining

Russia’s Ministry of Digital Development is introducing new regulations targeting illegal cryptocurrency mining operations. These proposed rules aim to deter unauthorized activity by imposing fines ranging from 100,000 to 200,000 rubles for individuals and up to 2 million rubles for companies. Additionally, cryptocurrencies involved in such activities will be confiscated. This proposal is currently undergoing interdepartmental review.