2024

<p>New regulations introduced in Russia in 2024 will severely punish miners who violate the law by failing to register their operations or stealing <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a>. Miners who fail to comply with the registration requirements face penalties including criminal charges, equipment confiscation, and fines.</p>
<p>One of the most notable cases involved miners in Novosibirsk, who received a 200-million ruble fine and had their equipment seized after being found guilty of electricity theft and large-scale fraud. Additionally, repeat offenders and those using unlicensed equipment face the possibility of lengthy prison terms.</p>

Harsh Penalties Introduced for Illegal Miners in Russia

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