Russia Proposes 1.5M Ruble Fines for Unregistered Crypto Miners
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- New Fine Regulations: Russia's Ministry of Justice has proposed fines of 1.5 million rubles (approximately $19,000) for unregistered crypto miners, aiming to curb the rising trend of unauthorized mining activities, thereby protecting the national economy and financial stability.
- Monitoring Measures: As of June 19, only 30% of miners have registered their operations, highlighting concerns from Deputy Finance Minister Ivan Chebeskov that the increase in unregistered miners could negatively impact national finances.
- Escalated Penalties: Illegal mining involving 'outsized profits' could incur fines up to 2.5 million rubles and prison sentences of up to five years, demonstrating the government's commitment to combat illegal activities.
- Industry Impact: Finance Minister Anton Siluanov noted that over 1,300 registered crypto miners existed in Russia by the end of October 2025, suggesting that the new fine policy may encourage more miners to legalize their operations, thus enhancing industry transparency.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
