Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Russia is gearing up to crack down hard on anyone mining cryptocurrencies without permission. Courts could grab miners’ coins and hand out big fines if a new set of rules moves forward. The plan comes from the Ministry of Digital Development, Communications, and Mass Media and is now under review by other government agencies.
Mining Rules Tightened
Trending: JUST IN: State of Emergency Declared in Missouri, Governor Deploys National Guard
Based on reports, individual miners who break the rules could face fines of 100,000 to 200,000 rubles. That’s about $1,270 to $2,540. Solo operators and officials could see penalties double, reaching 200,000 to 400,000 rubles ($2,540 to $5,090).
Companies found running illegal operations would get hit hardest. They may pay between 1 million and
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!