Russia Proposes Five-Year Prison Term for Illegal Cryptocurrency Mining
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Reported Facts
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- •The bill was submitted to the State Duma on March 31, 2026.
- •It proposes confiscation of equipment used in illegal cryptocurrency mining.
- •The maximum prison term proposed for illegal mining is five years.
- •The legislation aims to address energy consumption and economic concerns linked to unauthorized mining.
- •Russian authorities are seeking to regulate digital currency activities more strictly.
What Could Happen If...
- ▸If the State Duma passes the bill illegal cryptocurrency miners in Russia would face confiscation of equipment and prison sentences, reducing unauthorized mining and easing energy demand.
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RU
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Related Events
▸Russia Imposes Sanctions and Prison Terms for Illegal Crypto MiningArchived▸Russian Government Approves Cryptocurrency Regulation BillsArchived▸Russia’s Duma Passes Bill Criminalizing Illegal Crypto MiningCooling▸Russian State Duma receives bill to tighten tax controlArchived▸Bank of Russia expects cryptocurrency law to be adopted in spring
Primary Sources (4)
RUKommersant (RU)Правительство внесло в Госдуму законопроект об обращении цифровых валютRUInterfax (RU)Законопроект о регулировании цифровых валют в РФ внесен в ГосдумуRUKommersant (RU)В Госдуму внесли проект о конфискации и пятилетнем сроке за незаконный майнингRURBC (RU)Власти предложили сроки до пяти лет за незаконный майнинг криптовалюты