Krutika Adani
Russia’s Digital Ministry proposes fines up to 2 million rubles and crypto confiscation for unauthorized mining activities.
Draft rules ban crypto mining at residential premises in select areas, aiming to reduce power misuse and illegal setups.
Using cryptocurrencies for payments could now attract fines up to 1 million rubles under the proposed legal framework.
While regulators back stricter laws, crypto enthusiasts fear setbacks for innovation and mining operations in Russia.