Russia to Criminalize Concealed Mining of Bitcoin as Price Guns for ‎‎$20,000‎

[kreslik.news]

Russia’s Deputy Finance Minister Aleksey Moiseev told the state-backed news channel RT that his government, while taking steps to legitimize cryptocurrencies, could ban its mining activities as it looks for more control on the digital asset class instead of loosening its grip.

Bitcoin mining is one of the aspects of the bitcoin economy that have recently found some of the most attractive incentives following the boundless price swings. Nevertheless, the Russian official’s speech has shown a clear hostility towards bitcoin mining and its operators.

Mr. Moiseev noted that:”The penalties will be different, mostly administrative, but if someone created the cryptocurrency for the ... (read more)