Russia is introducing criminal liability for illegal cryptocurrency mining, impacting Bitcoin's hashrate and operations. The initiative targets money laundering and involves collaboration with the Ministry of Finance and the Central Bank.
The plans may redirect mining activities outside Russia, reminiscent of China's 2021 crackdown, potentially decreasing global hashrate.
Experts predict short-term production drops and increased transaction times in the crypto market as a result of these changes.
Full story here: https://coincu.com/335027-russia-illegal-crypto-mining-legislation
