Russia has submitted a bill to the State Duma that would impose tougher penalties for illegal crypto mining, including fines of up to 2.5 million rubles and prison terms of up to five years. The proposal targets a market where fewer than 1,500 miners are registered out of an estimated 50,000 participants, underscoring a wide compliance gap. The update also states that mining bans in Buryatia and Zabaykalsky Krai have been extended through March 15, 2031, adding to Russia’s broader restrictions on crypto mining activity in certain regions.