Russian State Duma deputies have submitted a bill regarding fines for illegal cryptocurrency mining. According to the draft, the fines for illegal mining are as follows: individuals face fines of 100,000 to 150,000 rubles, public officials face fines of 300,000 to 800,000 rubles, and legal entities face fines of 1 million to 2 million rubles. Repeat offenses will result in increased fines. Previously, the Russian Ministry of Justice proposed fines of up to 1.5 million rubles or two years of forced labor for illegal mining; if the mining yields huge profits or is part of organized crime activities, the maximum penalty could be five years in prison. (bitsmedia)
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Russian State Duma deputies have submitted a bill regarding fines for illegal cryptocurrency mining. According to the draft, the fines for illegal mining are as follows: individuals face fines of 100,000 to 150,000 rubles, public officials face fines of 300,000 to 800,000 rubles, and legal entities face fines of 1 million to 2 million rubles. Repeat offenses will result in increased fines. Previously, the Russian Ministry of Justice proposed fines of up to 1.5 million rubles or two years of forced labor for illegal mining; if the mining yields huge profits or is part of organized crime activities, the maximum penalty could be five years in prison. (bitsmedia)