Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

5 Years In Prison For Skipping Registration

CryptoExpert by CryptoExpert
December 31, 2025
in Ethereum News
0
Russia
  • Facebook
  • Twitter
  • Pinterest


You might also like

Why Abstract is killing its Ethereum L2 instead of launching a token to save it

EEZ tests atomic L1-to-L2 transaction in push to unify Ethereum

Sunday Pump, Monday Dump: Bitcoin Pattern Returns as TD Sequential Signals Flash on BTC, ETH, SOL

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

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.

okex

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.

Image: PayBitoPro

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

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

Why Abstract is killing its Ethereum L2 instead of launching a token to save it

by CryptoExpert
October 7, 2026
0
Why Abstract is killing its Ethereum L2 instead of launching a token to save it

Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disney and Red Bull Racing.The consumer-focused Ethereum layer-2...

Read more

EEZ tests atomic L1-to-L2 transaction in push to unify Ethereum

by CryptoExpert
October 6, 2026
0
Cointelegraph

An EEZ contributor shared a 0.001 ETH cross-chain test as the project develops a framework to connect Ethereum mainnet and its rollups. Source link

Read more

Sunday Pump, Monday Dump: Bitcoin Pattern Returns as TD Sequential Signals Flash on BTC, ETH, SOL

by CryptoExpert
October 5, 2026
0
Bitcoin Price Predictions

TLDR: Bitcoin’s Sunday moves have often reversed on Monday over the past month, according to Ali Charts.  A TD Sequential sell signal on Bitcoin’s four-hour chart followed four...

Read more

Stablecoins may not drain banks of dollars but they can still make lending more expensive

by CryptoExpert
October 4, 2026
0
Stablecoins may not drain banks of dollars but they can still make lending more expensive

Here's a hypothetical scenario: you want to use $100 out of your bank account to buy newly issued stablecoins. The company issuing the stablecoins takes your dollars, puts...

Read more

Arbitrum pauses new Stylus activations over AI-assisted attack risks

by CryptoExpert
October 3, 2026
0
Arbitrum pauses new Stylus activations over AI-assisted attack risks

Arbitrum's Security Council temporarily blocked new Stylus contract activations on Arbitrum One and Nova in an October 2 emergency action, restricting programs and app updates that require fresh...

Read more
Next Post
XRP on the edge as bears target $2.70 support

2026 XRP outlook: breakout ahead or deeper pullback?

Leave a Reply Cancel reply

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

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 83,231.00
ethereum
Ethereum (ETH) $ 2,567.44
tether
Tether (USDT) $ 0.99962
bnb
BNB (BNB) $ 769.23
xrp
XRP (XRP) $ 1.42
usd-coin
USDC (USDC) $ 0.999723
solana
Solana (SOL) $ 115.58
tron
TRON (TRX) $ 0.335079
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.02

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?