The Russian State Duma Committee has recommended passing a bill on criminal liability for illegal crypto mining in its first reading. The bill proposes adding unregistered mining and unauthorized provision of mining infrastructure to the Criminal Code. Depending on the severity of the case, entities with illegal income exceeding 13 million rubles (approximately $140,000) could face up to 5 years in prison, and all illegally mined crypto assets will be confiscated. According to official data, there are currently about 50,000 mining entities in Russia, but fewer than 1,500 are legally registered. The new law aims to push illegal miners toward compliance. (Bits media) https://(wublock123.com)/news/russia-criminalize-illegal-crypto-mining-up-to-5-years-60762