Russia Cracks Down on Crypto Mining with Tough New Rules

Krutika Adani

New Regulations to Curb Illegal Crypto Mining

Russia’s Digital Ministry proposes fines up to 2 million rubles and crypto confiscation for unauthorized mining activities.

Home Mining Restricted

Draft rules ban crypto mining at residential premises in select areas, aiming to reduce power misuse and illegal setups.

Crypto Payments May Cost You Millions in Fines

Using cryptocurrencies for payments could now attract fines up to 1 million rubles under the proposed legal framework.

Crypto Community Responds

While regulators back stricter laws, crypto enthusiasts fear setbacks for innovation and mining operations in Russia.

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