The Russian government has proposed new regulations to fine illegal crypto miners significantly. Individual miners could incur fines ranging from 100,000 to 400,000 rubles, while corporations violating mining laws may face fines of up to 2,000,000 rubles.
These measures also extend to crypto payment systems, with fines of up to 1,000,000 rubles for unregistered activities beyond Central Bank regulations. This moves demonstrate Russia’s intent to regulate the crypto mining industry effectively.
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