Russia's Cryptocurrency Mining Industry Under Siege

Russia has introduced a new set of regulations that are forcing many foreign cryptocurrency miners to choose between joining the military or leaving the country.

The laws, which were introduced in 2025, require miners to register their personal details and obtain a long-term residence permit. However, this can only be achieved by serving in the military for at least one year.

Many foreign miners had previously flocked to Russia due to its cheap electricity costs and relatively lax regulations. However, with the new laws in place, it is becoming increasingly difficult for them to operate in the country.

The regulations have led to a crackdown on illegal mining activities, with authorities using advanced technology to track down and confiscate mining equipment and Bitcoin. The government has also tightened its grip on visa requirements, making it harder for miners to enter and stay in the country.

As a result of these strict measures, many foreign miners are being forced out of Russia, marking the end of an era for the country's cryptocurrency mining industry.