According to Anatoly Aksakov, head of the State Duma Committee on the Financial Market, over 190,000 cryptocurrency miners are operating illegally in Russia. Only about 5,500 have formalized their activities legally. This imbalance creates serious problems — from overloading power grids in some regions to lost tax revenues in others.
Why This Matters for Businesses
Illegal mining has already led to bans in several regions (such as Buryatia and Trans-Baikal Territory) where energy capacity is insufficient. At the same time, authorities in energy-surplus regions are exploring the possibility of legalizing mining to generate tax revenues. Estimates suggest that budget receipts from legal miners could reach tens of billions of rubles.
What Is Changing in Regulation
On April 1, the government submitted to the State Duma a draft law "On Digital Currency and Digital Rights," which is expected to take effect on July 1, 2026. The document outlines the basic rules for future cryptocurrency market regulation. This means that businesses working with digital currencies need to prepare for new requirements now.
Risks for Mining Companies
Administrative and criminal liability — illegal mining carries fines and, in the future, potential criminal prosecution.
Disconnection from power supply — in regions with capacity shortages, authorities may restrict access to power grids for illegal miners.
Tax assessments and fines — if illegal activity is detected, tax authorities may reassess obligations for previous periods.
Reputational losses — engaging with illegal miners could impact a company's business reputation.
What Businesses Should Do
Assess current status — if your company is involved in mining, ensure that operations comply with current legislation.
Prepare for new requirements — study the draft law and adapt processes in advance for rules taking effect on July 1, 2026.
Legalize operations — in energy-surplus regions, legalization not only avoids risks but also provides access to government support.
Consult with professionals — tax and legal aspects of mining require expert guidance.
How Acsour Can Help
Acsour experts are ready to:
advise on legalizing mining activities;
assist in preparing documents for registration in the miners' registry;
assess tax risks;
support interactions with regulatory authorities;
develop internal policies to comply with new requirements.
Contact us — we will help legalize your mining business and avoid fines and reputational losses.