Russian lawmakers propose amnesty policy for crypto miners using illegally imported equipment

Jinse Finance reported that Oleg Ogienko, a member of the Russian State Duma's working group on crypto regulation, proposed at the recent Digital Almaz forum to implement an amnesty policy for cryptocurrency miners using illegally imported equipment. The aim is to convert these underground operators, who account for 60% of the country's total miners, into legal businesses. Ogienko pointed out that although Russia has legalized mining through legislation this year, the lack of an amnesty clause for illegally imported equipment has hindered miners from registering with the Federal Tax Service. Currently, only about 150 mining farms and 1,300 mining entities nationwide have completed registration. In regions with abundant electricity such as Siberia, excessive concentration of mining farms has led to power shortages, and more than ten regions have issued mining bans this year. Russian law enforcement agencies and power companies are jointly conducting nationwide raids, using technical means to locate illegal mining farms. The proposed amnesty aims to bring underground miners under regulatory oversight, ease enforcement pressure, and increase tax revenue.