Russia Proposes Legislation to Combat Illegal Mining, 13 Regions Have Fully Banned Mining Activities

2026-04-02 09:27:59

On April 2, according to Cryptopolitan, the Russian government submitted a bill to the State Duma proposing criminal penalties for illegal cryptocurrency mining activities. Offenders could face fines of up to 2 million rubles (approximately $25,000) and up to 5 years of imprisonment. Currently, around 50,000 individuals and entities are engaged in mining activities, but fewer than 1,500 are registered. Meanwhile, Russia has expanded the mining ban to 13 regions, including the Buryat Republic in Siberia and the Transbaikal Territory, with the ban set to last until 2031. The Energy Minister of Moscow Oblast has also proposed a ban on mining in the capital and Moscow Oblast, stating that local mining consumes about 1GW of electricity and contributes no substantial benefit to the regional economy. Russia had previously legalized mining by the end of 2024, but required practitioners to register with the Federal Tax Service and pay taxes accordingly.

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