Only **30%** of crypto miners in Russia are playing by the rules, according to Alexey Yakovlev from the Finance Ministry. That leaves a jaw-dropping **70%** operating in the shadows — unregulated, untaxed, and unchecked.
This isn't just a domestic headache. It's a global tremor.
Why it matters:
🌍 Russia ranks among the top countries for Bitcoin mining power.
⚠️ Unregulated mining increases energy theft, fuels illicit finance, and destabilizes network trust.
📉 Regulatory crackdown could shake mining markets and impact global crypto pricing.
Russia is racing to plug the compliance gap, hinting at tighter laws, possible licenses, and surveillance tech. If they go full throttle, we could see a massive reshuffling of global mining dominance.
The wild west of mining may soon face the sheriff.
Stay tuned. The next chapter of crypto regulation is being written — and it starts
in Moscow. 🪙🔥
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