Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
crypto.news 2025-02-07 09:47:48

Bitcoin miners in Russia worry about sanctions as government starts collecting wallet addresses

Bitcoin miners in Russia worry about sanctions as government starts collecting wallet addresses

Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin ( BTC ) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet addresses, under new rules. If leaked, it could be a “big gift to our geopolitical opponents,” warned Anton Gorelkin, a Russian lawmaker overseeing information policy. The crypto miner registry in Russia has been up and running since November 2024. National’s registry is available through the service on Russia’s Federal Tax Service. Daniil Yegorov, head of the tax agency, mentioned earlier that about 150 miners submitted registration requests in the first three weeks of the registry’s operation. In a Telegram post on Feb. 7, Gorelkin said Russian crypto miners are now worried about the registry, fearing a data leak could expose sensitive information and lead to sanctions. The tax agency reassured him that the data is stored in a “separate internal protected system,” with Gorelkin noting that not everyone even within the agency itself has access to it and that external access is “practically impossible.” “And although cybersecurity experts like to repeat the mantra “everything that can leak, will eventually leak,” the Federal Tax Service claims that the risk of sensitive information leaking from its internal systems is now reduced to zero.” Anton Gorelkin In 2024, Roskomnadzor, Russia’s communications watchdog responsible for banning YouTube, Discord, and Viber, among hundreds of others VPN services, recorded 135 data leaks, with over 710 million records of Russians leaking online. You might also like: Deribit to exit Russian market, blames EU sanctions The spike in leaks came as companies faced low fines. But by the end of 2024, the Russian State Duma passed a bill raising fines for data breaches. Before the changes, companies could only be fined up to 100,000 rubles (around $1,000), but after the update, the maximum fine skyrocketed 150-fold to 15 million rubles (around $150,000). Russia’s crypto mining sector isn’t directly under international sanctions, but some companies have still been caught in the crossfire. In April 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned BitRiver AG, a Swiss-based holding company with operations in Russia, which was the first time a crypto mining company was targeted. Fast forward to March 2024, and OFAC hit 13 Russian entities, including fintech firms like B-Crypto, Masterchain, Laitkhaus, and Atomaiz, for helping to evade sanctions through crypto services. Read more: Sanctioned BitRiver sees Russia poised to surpass US in Bitcoin mining by 2027 with Kremlin’s support

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
339
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.