Finance Ministry Official Reports Low Compliance Among Crypto Miners with New Russian Regulations
At the 28th St. Petersburg International Economic Forum, Deputy Minister of Finance Ivan Chebeskov revealed a mere 30% compliance rate among crypto miners with Russia's new regulations, highlighting a significant enforcement challenge. In response, the Russian government is considering increasing fines for illegal operations, proposing a steep rise from 200,000 to 2 million rubles, yet experts suggest this strategy may not address the deeper issues of regulatory evasion.
Nathan Mercer