Discovery of an Illegal Cryptocurrency Mining Village in a Huge Industrial Zone in Russia
Black Status in the Cryptocurrency Market
On June 18, prosecutors in the Krasnoyarsk region of Russia dismantled an illegal cryptocurrency mining camp spanning up to 30,000 square meters in a state-owned industrial zone in Nazarovo. This facility used a large number of mining machines, transformers, and generators, operating illegally with the civilian power supply system. Despite multiple warnings, the business continued to operate, ignoring all legal authorities' alerts. Ultimately, the court decided to suspend all operations of this mining camp.
Detailed Information About Illegal Mining Camps
This mining facility generates about 4.6 million rubles per month, equivalent to 58,700 USD. The use of non-standard energy, connected directly to the city’s power grid, has raised many concerns about energy security and community safety. The mining equipment consists of high-capacity machines that are highly competitive in the cryptocurrency market. Managing and controlling this activity is becoming a top priority for authorities in Russia to protect the economy and national energy security.
The Impacts and Penalties for Illegal Mining
The crackdown on illegal mining activities not only aims to protect the national power grid but also to combat criminal activities in the cryptocurrency sector. This organization has been considered a direct harm to the community and the environment, as mining occurs under unsafe conditions. Penalties may include fines or criminal prosecution, depending on the severity of the violation. Following this event, authorities continue to enhance mobile inspection measures to prevent illegal mining activities at hotspots in the region.
The Future of the Cryptocurrency Market in Russia
In the context of stricter legal policies, legal activities in the cryptocurrency sector are increasingly being promoted. Investors need to closely monitor new government regulations, as well as legitimate opportunities to participate in the market. Meanwhile, authorities will continue to closely monitor mining activities, especially those with unclear origins and legal violations. Russia's cryptocurrency market will increasingly shift towards being more transparent and safer for the community.
Source: https://tintucbitcoin.com/nga-bat-giu-mo-khai-thac-tien-dien-tu-trai-phep/
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