Crypto Crime Surge Russia Legislation Prepared

Russia Addresses Rising Crypto-Related Crimes and Illegal Mining

• Russia’s Supreme Court notes a rise in crimes involving digital assets.
• The court is preparing legislation to classify crypto as property in criminal cases.
• Illegal crypto mining has caused over $14 million in damages to Russia’s power grid in 2024.
• Affected regions include the North Caucasus, Novosibirsk, and Volga.
• The Russian government has imposed seasonal mining bans until 2031.

Russia faces increasing challenges with crypto-related crimes and illegal mining, leading to over $14 million in damages this year. The Supreme Court is working on legislation to address these issues by recognizing crypto as property in legal contexts.