The Russian Ministry of Justice has introduced a draft amendment to the Criminal Code to punish illegal cryptocurrency mining, reflecting stricter oversight of unlicensed digital asset activities. Under the proposal, people mining without registration could face fines of up to 1.5 million rubles or up to two years of compulsory labor. New Article 171.6 would also allow penalties for operators of mining infrastructure. If the activity causes large damage or involves organized groups, the draft allows sentences of up to five years in prison. The amendment is currently open for public review on Russia’s official legal portal.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Saga has paused its SagaEVM chain after a smart contract exploit drained nearly $7 million…
Ripple’s native token, XRP is once again at a familiar crossroads. After weeks of choppy…
Fundtir’s public sale introduces the FNTR utility token, combining institutional-grade safeguards with crypto-native fund accessibility.…
The U.S. Treasury recently repurchased $2.8 billion of its own debt, a move that sent…
Binance will list Sentient (SENT) with a Seed Tag, indicating it is a higher-risk token…
Global cryptocurrency markets continue to face sustained volatility. Bitcoin has remained range-bound around $90,000–$92,000, while…
