Russia imposes a five-year ban on cryptocurrency mining in Buryatia and Zabaykalsky Krai, alongside proposed criminal penalties for illegal activities.
Beginning April 1, 2026, the Russian government will enforce a comprehensive ban on cryptocurrency mining in the Republic of Buryatia and Zabaykalsky Krai, lasting until March 15, 2031.
This ban impacts 19 districts in Buryatia, including the city of Ulan-Ude, and 14 districts, municipalities, and key locations such as Chita and Aginskoye in Zabaykalsky Krai.
Previously, these regions were subject to seasonal mining restrictions. The initiative for a complete ban was first introduced in December 2024.
On March 31, a proposed bill was submitted to the State Duma that seeks to impose criminal penalties for illegal mining activities and unauthorized use of mining-related infrastructure. The proposed fines could reach 2 million rubles, with potential prison sentences of up to five years for offenders. Organized groups causing significant harm or generating substantial income may face even harsher penalties, although individuals can avoid criminal charges by fully compensating for any damages incurred.
Lawmakers emphasized the need for stricter measures due to the low registration rates among miners with the Federal Tax Service (FNS), which reportedly has only 1,489 registered participants out of an estimated 50,000 potential miners.
The bill is anticipated to pass during the spring session of the Duma, with provisions taking effect on July 1. This follows the government’s recent approval of legislation aimed at the legalization of digital currencies and rights in Russia, which will also be presented to the State Duma in early April.
