Russia plans to impose criminal penalties on unregistered crypto miners, with a maximum sentence of 5 years

PANews December 30 News, according to Cointelegraph, the Russian Ministry of Justice has proposed a new criminal law amendment, aiming to impose fines of up to 2.5 million rubles (approximately $19,000) or a maximum of 5 years imprisonment for illegal cryptocurrency mining activities. If high profits are involved or carried out by an “organized group,” penalties are more severe. Official data shows that as of October 2024, only about 30% of miners nationwide have completed registration. The measure aims to strengthen tax regulation and crack down on underground mining activities.