Crypto Mining

Illegal crypto miners operating in Russia could lose their coins and face heavy fines under new rules formulated by the nation’s Ministry of Digital Development, Communications, and Mass Media. Per a report from Forbes Russia, the ministry says its proposal is currently undergoing interdepartmental review. However, if the plans are adopted as-is, Russian law agencies […]

Russian law enforcers have started seizing Bitcoin (BTC) from illegal crypto miners, amid a widening crackdown. In a press release from the Investigative Department of the Investigative Committee (SKR) for the Amur Oblast, the SKR explained that it had confiscated Bitcoin worth around 7 million rubles ($88,570; BTC 0.8414) from an unnamed former electricity company

The Russian crypto mining sector is continuing to grow, new data reveals, with the country’s two biggest firms – BitRiver and Intelion – making $200 million in revenue in FY2024. The data was compiled and published by the Russian media outlet RBC, and shows that BitRiver and Intelion alone have cornered over 50% of the

Russian power engineers say they have developed new methods to help them track down and prosecute illegal crypto miners operating in areas prone to electricity shortages. The Russian media outlet RG quoted the North Caucasus branch of the national power provider Rosseti as stating that it has used the solutions to detect “dozens of underground

The Russian AML agency wants to impose criminal liability on illegal crypto miners operating in the country, claiming that illicit miners are helping launder funds for lawbreakers. Per the Russian Parliamentary Gazette, the plan is the brainchild of the Federal Financial Monitoring Service (Rosfinmonitoring). The agency is also working on the plan with the Russian