Russia is moving toward criminalizing illegal cryptocurrency mining, with backing from various government agencies, including the Ministry of Finance and the Central Bank. This initiative aims to tackle money laundering associated with illicit mining activities.
Deputy Director German Neglyad emphasized the importance of stronger regulations to combat financial crime linked to digital currencies, highlighting a significant shift in Russia's regulatory strategy.
The proposed legislation will empower courts to impose harsher penalties on illegal miners, reflecting Russia's commitment to refine its crypto regulations and tax rules.
Full story here: https://coincu.com/334956-russia-criminalize-illegal-crypto-mining
