The Russian government introduced to the State Duma a draft Federal Law No. 159659, which introduces administrative liability for violations in the field of cryptocurrencies and mining, and providing for fines for the “unlawful organization of cryptocurrency trafficking”.

The bill establishes administrative liability for receiving digital currency as payment for goods and services by persons who do not have the right to do so. It is proposed to introduce the following sizes of fines:

  • For citizens – from 100,000 to 200,000 rubles,

  • For officials – from 200,000 to 400,000 rubles,

  • For legal entities – from 700,000 to 1 million rubles.

In all cases, the document provides for the confiscation of the subject of the offense. Special attention is paid to mining digital assets. For illegal mining, including participation in mining panels, it is proposed to introduce such fines:

  • For individuals – from 100,000 to 200,000 rubles.

  • For individual entrepreneurs (IP) and officials – from 200,000 to 400,000 rubles,

  • For legal entities – from 1 million to 2 million rubles.

The bill also applies to mining infrastructure operators. For the implementation of this activity without appropriate permits, fines in the amount of:

  • From 200,000 to 400,000 rubles – for entrepreneurs and officials,

  • From 1 million to 2 million rubles for legal entities.

A separate article is devoted to violations in the field of mining reporting. For the failure to provide information about the receipt of cryptocurrency as a result of mining or on the address of the mining pool in the authorized body, it is proposed to establish similar fines.

Earlier, the Russian government introduced a bill to the State Duma, which proposes to recognize the cryptocurrency as the property within the framework of the criminal and criminal procedure code of the Russian Federation.