Wednesday, December 31, 2025
DIGESTWIRE
Contribute
CONTACT US
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Blog
  • Founders
No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Blog
  • Founders
No Result
View All Result
DIGESTWIRE
No Result
View All Result
Home Blockchain

Russia Warns Crypto Miners: 5 Years In Prison For Skipping Registration

by DigestWire member
December 31, 2025
in Blockchain, Crypto Market, Cryptocurrency
0
Russia Warns Crypto Miners: 5 Years In Prison For Skipping Registration
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Based on reports, Russia’s Ministry of Justice has proposed criminal penalties for people who mine digital currency without registering. The draft would add a new criminal article and set fines, forced labor and prison terms tied to how big the operation is and how much money it made. The move follows a law that made mining legal under strict rules last year.

Russia: New Criminal Article Proposed

According to the draft amendments posted on a regulatory portal, a new Article 171.6 titled “Illegal Mining Of Digital Currency And Activities Of A Mining Infrastructure Operator” would be added to the Criminal Code.

Under the proposal, an unregistered miner could face a fine of up to 1.5 million rubles, compulsory labor for up to 480 hours, or forced labor for up to two years. The draft draws a line at income thresholds: if mining generated large-scale income of 3.5 million rubles, liability applies.

For operations that are part of an organized group or that produced especially large income of 13.5 million rubles, penalties rise sharply — fine ranges from 500,000 to 2.5 million rubles, forced labor of up to five years, or imprisonment for up to five years combined with additional financial penalties.

Total crypto market cap currently at $2.97 trillion. Chart: TradingView

Registries And Monthly Reporting

Reports have disclosed that Russia legalized mining on November first, 2024, and on that date the Federal Tax Service opened special registries. All legal entities and individual entrepreneurs involved in mining must register, and operators of mining infrastructure are included.

Registered miners are required to report mined digital currency every month through a section in their personal accounts on the Federal Tax Service website. Based on the agency’s figures, there were more than 1,000 participants listed in the registries by the end of May 2025.

Visibility And Control Through Registration

The draft law appears aimed at forcing visibility into a sector that has often operated in the shadows. By tying criminal penalties to failure to join the registry, authorities gain tools to pursue operators who avoid paying taxes, use subsidized power, or run large-scale farms without oversight. Smaller, informal miners are left most exposed because they may lack the paperwork or know-how to comply with reporting rules.

Timing And Enforcement Signals

Deputy Prime Minister Alexander Novak has said the government plans to introduce criminal liability for illegal mining and illegal lending in 2026.

That comment, combined with the publication of the draft amendments, suggests phased steps: rules and registries are already in place, while tougher criminal measures could follow next year.

Some language in the draft also allows courts to impose fines equal to a convicted person’s salary or income for set periods, which would target earnings from mining operations.

Featured image from Unsplash, chart from TradingView

Read Entire Article
Tags: BitcoinistBlockchainCoin Surges
Share30Tweet19
Next Post
Crypto Hacks Swipe Nearly $3 Billion In 2025 Despite Fewer Attacks – Report

Crypto Hacks Swipe Nearly $3 Billion In 2025 Despite Fewer Attacks – Report

Nutrition key in new alcohol abuse rehabilitation scheme to fight addiction

Nutrition key in new alcohol abuse rehabilitation scheme to fight addiction

Yash’s ‘Toxic’ Unveils First Look of Nayanthara as Ganga (EXCLUSIVE)

Yash’s ‘Toxic’ Unveils First Look of Nayanthara as Ganga (EXCLUSIVE)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result
Coins MarketCap Live Updates Coins MarketCap Live Updates Coins MarketCap Live Updates
ADVERTISEMENT

Highlights

UNUS SED LEO Price Prediction 2026, 2027 – 2030: Future Outlook and Potential Highs

Afridi to return to Pakistan from the BBL after picking up knee injury

The phone is dead. Long live . . . what exactly?

Zohran Mamdani is set to be sworn in as mayor as NYC rings in the New Year

The looming decisions that could change Maine’s criminal defense landscape

Multiple projects in Orono moving forward next year

Trending

A rough year for journalists in 2025, with a little hope for things to turn around
Breaking News

A rough year for journalists in 2025, with a little hope for things to turn around

by DigestWire member
December 31, 2025
0

NEW YORK (AP) — By nearly any measure, 2025 has been a rough year for anyone concerned...

Roundhill Submits XRP Covered Call ETF Update, Key Details for XRP Investors

Roundhill Submits XRP Covered Call ETF Update, Key Details for XRP Investors

December 31, 2025

Ethereum L1 txs hit 2.2M in a day, and each one cost around 17 cents

December 31, 2025
UNUS SED LEO Price Prediction 2026, 2027 – 2030: Future Outlook and Potential Highs

UNUS SED LEO Price Prediction 2026, 2027 – 2030: Future Outlook and Potential Highs

December 31, 2025
Afridi to return to Pakistan from the BBL after picking up knee injury

Afridi to return to Pakistan from the BBL after picking up knee injury

December 31, 2025
DIGEST WIRE

DigestWire is an automated news feed that utilizes AI technology to gather information from sources with varying perspectives. This allows users to gain a comprehensive understanding of different arguments and make informed decisions. DigestWire is dedicated to serving the public interest and upholding democratic values.

Privacy Policy     Terms and Conditions

Recent News

  • A rough year for journalists in 2025, with a little hope for things to turn around December 31, 2025
  • Roundhill Submits XRP Covered Call ETF Update, Key Details for XRP Investors December 31, 2025
  • Ethereum L1 txs hit 2.2M in a day, and each one cost around 17 cents December 31, 2025

Categories

  • Blockchain
  • Blog
  • Breaking News
  • Business
  • Cricket
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Football
  • Founders
  • Health Care
  • Opinion
  • Politics
  • Sports
  • Strange
  • Technology
  • UK News
  • Uncategorized
  • US News
  • World

© 2020-23 Digest Wire. All rights belong to their respective owners.

No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Blockchain
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Strange
  • Blog
  • Founders
  • Contribute!

© 2024 Digest Wire - All right reserved.

Privacy Policy   Terms and Conditions

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.