*NEW: 70% of 🇷🇺 Russian Bitcoin Miners Still Unregistered, Says Govt Official ⚠️⛏️*
Despite Russia’s recent efforts to regulate the crypto space, a *shocking 70% of BTC miners* in the country are still *operating under the radar*, according to Finance Ministry official *Ivan Chebeskov* 🧾🚫
🔍 *What’s happening:*
- Russia introduced *crypto mining legislation* to bring operations into a legal framework
- However, *most miners are avoiding registration* to sidestep taxes, surveillance, or compliance costs 🏃♂️💨
- This creates a *huge gray area* in a country known for cheap energy and massive mining activity ⚡️
📉 *Why it matters:*
- Unregulated mining = *lost tax revenue* + *higher risks* of illicit crypto flows 🚨
- May lead to *tighter crackdowns* or energy rationing in key mining regions
- Russia risks losing its grip on a *multi-billion dollar industry* if enforcement stays weak
🔮 *Prediction:*
- If regulation doesn’t catch up, Russia could face *international scrutiny* and potential pushback from global crypto alliances
- But on the flip side, the *underground mining scene might fuel local crypto liquidity*, especially in sanctions-heavy environments 💰
- Expect *new fines or tracking tools* to be introduced in the coming months
👁️🗨️ Bottom line: Russia’s mining game is booming — but it’s happening in the shadows 🕵️♂️⛏️
#Bitcoin #CryptoMining #Russia #BTC 🇷🇺💸📉