Russia Thinks to Punish Crypto Money Miners

Russia Thinks to Punish Crypto Money Miners

Lawmakers in Russia are planning to punish people who are crypto money mining through open Blockchain platforms.

Anatoly Aksakov, Head of the Financial Markets Committee of the Russian State Duma, recently gave an exclusive interview to TASS from local sources. During this interview, Aksakov made some statements about crypto-money miners in the country.

Aksakov stressed that anyone who crypto money mining in the country in violation of Russian law can be considered guilty, and that mining is legally a crime.

The Russian government has been working to organize crypto coins for the last few months. A few months ago, President Vladimir Putin said that crypto currency arrangements should be completed no later than June.

Lawmakers in the country are trying to adapt to the date given by Putin, but we can say that this process has slowed down considerably in the last few weeks. According to sources such as Finance Feeds, the main reason for this slowdown is that Russian legislators try to comply with the standards prepared by the Financial Action Task Force (FATF).

As such, it is not known exactly what is legal and what is a violation of the law regarding crypto currency in Russia. But officials in the country, such as Aksakov, want to impose major fines on those who violate the laws currently in force.