According to Cryptonews, Russia's anti money laundering agency, the Federal Financial Monitoring Service, plans to push for criminal accountability for illegal cryptocurrency mining, accusing it of facilitating money laundering activities. The deputy director of the agency, German Neglyad, revealed that relevant bills have been jointly formulated with the Ministry of Finance and the central bank, and have received support from policy-making institutions such as the Russian Civil Service.
Nikolai Zhuravlev, Vice Chairman of the Federal Council, emphasized the need for legislation; Maintain foresight to eliminate loopholes in the financial system;. Osman Kabaloev, Deputy Director of the Financial Policy Department of the Ministry of Finance, confirmed that the amendment is currently being drafted and will introduce administrative penalties in addition to criminal liability. This move aims to curb the illegal mining and transfer of funds using cheap electricity.