Russia's Justice Ministry is tightening the screws on unregistered Bitcoin mining through a newly proposed draft law. The legislation targets illegal mining operations with serious teeth—we're talking fines up to 2.5 million rubles (roughly $31,000) and prison sentences reaching five years for large-scale violations. This marks a notable shift in how major economies are approaching crypto mining regulation. The move reflects growing governmental concerns about unregulated mining activities draining resources and potentially operating outside tax frameworks. For the mining community, it's a clear signal: get compliant or face steep consequences. Whether this becomes law depends on the legislative process ahead, but the proposed penalties certainly underscore the regulatory pressure mounting on mining operations globally.
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MoonRocketTeam
· 2h ago
Russia is about to start cracking down on miners, and this regulatory crackdown is really fierce.
Starting from five years, with a fine of 2.5 million rubles... Dopamine is directly destroyed, and the mining circle is about to change.
Compliance assembly and supply, or else get ready to be knocked down.
Regulation is a global effort, and the track is getting narrower and narrower. It's time to think about how to adjust the launch angle.
Another wave of risk signals, this time you really need to DYOR and take it seriously.
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StableGeniusDegen
· 9h ago
Russia is really ruthless this time, starting from five years, brother...
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RatioHunter
· 9h ago
Russia's move directly pushes miners into a dead end...
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GasWaster
· 9h ago
lol russia really said "time to make mining as painful as a failed tx on mainnet during peak hours" 😭 5 years prison for not registering? that's some serious gwei-level consequences ngl
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SchroedingerMiner
· 9h ago
Russia is really tough this time, starting from five years... miners' days are getting harder and harder.
Russia's Justice Ministry is tightening the screws on unregistered Bitcoin mining through a newly proposed draft law. The legislation targets illegal mining operations with serious teeth—we're talking fines up to 2.5 million rubles (roughly $31,000) and prison sentences reaching five years for large-scale violations. This marks a notable shift in how major economies are approaching crypto mining regulation. The move reflects growing governmental concerns about unregulated mining activities draining resources and potentially operating outside tax frameworks. For the mining community, it's a clear signal: get compliant or face steep consequences. Whether this becomes law depends on the legislative process ahead, but the proposed penalties certainly underscore the regulatory pressure mounting on mining operations globally.