Russia Gets Tough On Crypto Miners—Illegal Operations Face Asset Seizures
BitcoinistThursday, June 12, 2025 at 4:00:03 AM
Russia is tightening the screws on unauthorized cryptocurrency mining, proposing strict penalties including asset seizures and hefty fines. The Ministry of Digital Development is pushing the new rules, which are now being reviewed by other government agencies. If approved, courts could confiscate miners' crypto holdings and slap them with significant financial penalties.
Editor’s Note: This isn't just a minor policy tweak—it’s a major escalation in Russia’s stance on crypto mining. The move signals a broader trend of governments cracking down on unregulated crypto operations, which could push miners underground or out of the country entirely. For the crypto world, it’s another reminder of how quickly regulatory winds can shift, especially in places where authorities want tighter control over digital assets.
— Curated via WP Now’s
