Short News View Non-AMP

Russia Cracks Down on Illegal Crypto Mining

Published by
Sohrab Khawas

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.

Trust with CoinPedia:

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.

Investment Disclaimer:

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 and Advertisements:

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Illinois Crypto Tax Faces Pushback

A coalition called the Crypto Council for Innovation (CCI) has urged Illinois Governor J.B. Pritzker…

June 17, 2026

When is the Next FOMC Meeting?

The next FOMC meeting is scheduled for July 28–29, 2026, with the policy decision due…

June 17, 2026

Three Altcoins Are Crushing the Market This Week—Here’s What’s Driving SKYAI, SPX6900, and Humanity

While Bitcoin and Ethereum traded within relatively narrow ranges this week, several altcoins delivered strong…

June 17, 2026

Fed Rate Decision Today: What To Expect From Kevin Warsh’s First FOMC Meeting

The Federal Reserve is expected to keep interest rates unchanged today, but that is not…

June 17, 2026

What Time is the FOMC Meeting Today

The FOMC meeting is at 2:00 PM ET today, when the Federal Reserve will announce…

June 17, 2026

Bitcoin, Ethereum, and XRP Price Forecast Today

Bitcoin (BTC) is consolidating near the $66,000 level after a recent recovery attempt. The cryptocurrency…

June 17, 2026