In January 2026, the Russian State Duma passed a bill in its first reading that officially assigns control over cryptocurrency mining and trading to the Ministry of Finance of Russia. According to legislation, the Federal Tax Service (FTS) will directly supervise mining operators and pools, while the Ministry of Finance will set regulatory procedures. The bill aims to increase transparency in the crypto market and bring mining activities out of the shadow sector, as confirmed by multiple sources .
Key Provisions of the Bill
The bill, proposed by Deputy Andrey Lugovoy, strengthens oversight of digital financial assets. It includes fines of up to 2 million rubles for miners and operators who violate legal requirements. Experts note that these measures are intended to enhance tax compliance and protect legitimate market participants.
Why Ministry of Finance Oversight Is Needed
Transferring oversight to the Ministry of Finance allows the government to quickly respond to violations and regulate the market in the state’s interest. The legislation also aligns with global cryptocurrency regulation trends, which is crucial for attracting investments and increasing trust among international partners. Specialists emphasize that the new rules will create stable conditions for legal mining and the development of Russia’s digital financial infrastructure.
Impact on the Market and Participants
Experts believe the bill will help move mining out of the shadow economy, improve transparency, and create safer conditions for investment. Clear regulations will protect domestic market participants, encourage the development of legal mining projects, and strengthen Russia’s overall economy.
