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Russia Targets 50,000 Crypto Miners as Mining Banned in 13 Regions with Fines up to $25,000
Russia’s stepped-up efforts to crack down on cryptocurrency mining is targeting up to 50,000 unregistered miners, and the ban on mining has been widened to 13 regions, including parts of Siberia and the Caucasus. The latest draft law put before the State Duma calls for prison sentences of up to 5 years, and fines of up to 2 million rubles for anyone involved in unauthorised operations. Moscow wants to get a handle on this sector while at the same time redirecting the computing power towards artificial intelligence and other priority state projects, as a result putting both individual and corporate miners under a ... (full story)
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