Russian Anti-Money Laundering Agency Plans to Classify Illegal Cryptocurrency Mining as a Criminal Offense

BlockBeats News, April 30th, according to CryptoNews, Russia's anti-money laundering agency Rosfinmonitoring plans to push for illegal cryptocurrency mining to be classified as a criminal offense, and has gained support from the Ministry of Finance, the Central Bank, and the Chamber of Commerce. Deputy Director German Neglyad stated that the proposal aims to combat the use of illegal mining to assist criminals in money laundering, and related legislative amendments are being prepared.

Currently, Russia only prohibits mining in 9 regions during the winter, with some areas in Irkutsk under a ban until 2031, but illegal mining has not yet been included in the criminal law and is only punished under charges such as electricity theft.