Russia Gets Tough On Crypto Miners—Illegal Operations Face Asset Seizures
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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
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…
