Russia's December 30 draft would jail illegal crypto miners, fines up to 2.5M rubles

On December 30, Russia's Ministry of Justice published draft amendments proposing criminal penalties for unregistered cryptocurrency mining. The plan includes fines up to 2.5 million rubles, forced labor, or prison terms up to five years, with thresholds at 3.5 million and 13.5 million rubles. Mining was legalized in November 2024, with registries and monthly reporting already in place.