- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Russia Plans to Impose Criminal Penalties on Unregistered Crypto Miners
BlockBeats News, December 30th: According to a new draft amendment to the Russian Criminal Code revealed on Monday, the Russian Ministry of Justice has proposed a maximum fine of 1.5 million rubles (approximately $19,000) and up to two years of forced labor for illegal cryptocurrency mining. For cryptocurrency mining activities involving substantial profits, the maximum penalty can be up to five years of imprisonment, 480 hours of forced labor, and a maximum fine of 2.5 million rubles. Unregistered "organized groups" engaged in illegal mining for substantial profits may face a maximum fine of 2.5 million rubles or five years of forced labor or imprisonment.
Russian Deputy Finance Minister Ivan Chebeskov stated that as of June 19th, only about 30% of cryptocurrency miners have registered and are engaged in legal mining operations.
You may also like
Hawkish Signal in Tightening Mode | Rewire News Brief
x402 and AI Agents: An Emerging Data Economy
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Three Charts Explain Why S&P Authorized Its Brand to trade.xyz
After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase
Bitmain, mired in controversy, has found its strongest backing in the United States
Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote
Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years
SEC’s Stance on Crypto Assets: Most Not Considered Securities
Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…
South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents
Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…
Institutional Confidence in Crypto’s 2026 Growth Trajectory
Key Takeaways: A significant 73% of institutional investors plan to increase their crypto holdings by 2026. Exchange-traded products…
Ethereum Reduces Bridge Times by 98% with Fast Confirmation Rule
Key Takeaways: Ethereum introduces the Fast Confirmation Rule (FCR) aiming to cut bridge times from L1 to L2…
Crypto Firms Advocate DeFi Education in US Colleges
Key Takeaways: Twenty-one crypto organizations have called on US colleges to integrate decentralized finance (DeFi) into their curricula…
RedotPay Reorganizes Amidst Funding Tries and IPO Goals
Key Takeaways: RedotPay is facing leadership changes and concerns over its connections with mainland China while eyeing a…
App