Russia plans to pass legislation to crack down on illegal mining; 13 regions have already fully banned mining activities.

2026-04-02 04:09:27

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Golden Finance reports that on April 2, according to Cryptopolitan, the Russian government submitted a bill to the State Duma proposing criminal penalties for illegal cryptocurrency mining activities; violators would face fines of up to 2 million rubles (about $25,000) and up to 5 years in prison. Currently, around 50,000 individuals and entities are engaged in mining activities, but the number of registered participants is fewer than 1,500.
Meanwhile, Russia has expanded the mining ban to 13 regions, including the Republic of Buryatia in Siberia and the Zabaykalsky Krai on the outer Baikal side; the ban will remain in effect until 2031. The energy minister of the Moscow Oblast has also proposed banning mining in the capital and the Moscow Oblast, saying that local mining consumes electricity of about 1 GW and makes no real contribution to the regional economy. Russia previously legalized mining by the end of 2024, but it requires operators to complete registration with the Federal Tax Service and pay taxes according to law.

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