Overview
- The Justice Ministry’s draft would criminalize unregistered mining with fines up to 1.5 million rubles and possible forced labor for up to two years.
- Organized operations or activity yielding large profits could draw prison sentences of up to five years plus higher fines under the proposal.
- Miners would be required to register and file monthly reports on digital currency output, with noncompliance potentially triggering criminal liability.
- Household users consuming under 6,000 kWh per month would be exempt from registration but must pay personal income tax on mined coins.
- The push aligns with tighter central bank rules for digital financial assets, including retail purchase caps and a plan to permit DFA issuance on public networks next year.