The 39-year-old founder of Russia’s largest crypto miner was detained Friday and accused of concealing assets, as BitRiver also faces insolvency claims and operational strain.

Illegal cryptocurrency mining is causing billions of rubles’ worth of damages to the Russian state and economy.

BitRiver, Russia’s largest bitcoin mining operator, has entered formal insolvency proceedings after a Russian arbitration court accepted creditor claims linked to unpaid debts. The case marks one of ...

Russia’s cryptocurrency laws have not convinced most mining businesses to register with authorities, as only 30% of the miners have entered the Federal Tax Service Register since late 2024. The ...

The Russian government has banned crypto mining in ten regions for a period of six years, according to reporting by the state-owned news agency Tass. Russia has cited the industry’s high power ...

The Russian government approved a list of regions and territories where cryptocurrency mining will be banned starting next year. Crypto mining will be banned entirely in 10 Russian regions for six ...

A report published on February 21 indicated that Russia's Bitcoin mining sector expanded by 7% in 2024, with mining farms reaching a total of 136,600 units. Despite this expansion, the sector ...

Russia’s Justice Ministry proposed fines and prison for illegal crypto mining, as officials say most miners still haven’t joined the tax register. Russia has proposed a new draft bill seeking to crack ...