The Russian Ministry of Justice has introduced a draft amendment to the Criminal Code proposing criminal penalties for illegal cryptocurrency mining. The proposed legislation includes fines up to 1.5 million rubles or two years of compulsory labor for unauthorized mining activities. Large-scale operations could face up to five years in prison under the new Article 171.6, which targets unauthorized mining and infrastructure, particularly when causing significant harm or generating substantial illegal profits. The draft amendment is currently open for public review on the official legal acts portal. This initiative is part of Russia's broader efforts to align with global counter-financing of terrorism (CFT) measures and could have implications for liquidity and the broader cryptocurrency markets.
Russia Proposes Criminal Penalties for Illegal Crypto Mining
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