Russia’s New Crypto Mining Regulations: What You Need to Know
Russia is diving into the world of crypto regulations with a new plan to target illegal cryptocurrency mining. They’re looking to crack down on those miners who are stealing electricity to keep their rigs running. Deputy Prime Minister Alexander Novak spilled the beans that they’re going to hit these operations with some serious penalties. Sounds like they’re trying to get a grip on how digital currencies are moving around in the country.
The new initiative doesn’t just stop at criminal charges for illegal mining. They’re also going to introduce some smaller fines for lesser offenses. The goal? To bring some structure to the crypto scene in Russia. They want to drag the industry out of the shadows, but it’s worth noting that…
