Chairman of the Russian State Duma Financial Markets Committee: Russia considers administrative penalties for cryptocurrency mining

According to Finance Feeds, Anatoly Aksako, chairman of the Russian State Duma Financial Markets Committee, said in an interview that Russian legislators are considering administrative penalties for cryptocurrency mining. Encrypted currency-related behavior not covered by Russian law is considered illegal, which means that Russia will ban cryptocurrency mining, and administrative penalties such as fines will be imposed in violation of the ban.