The FSB Stopped the Illegal Activities of the Network of “Crypto Farms” in Dagestan

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by Chris Black

As a result of operational-search activities in Kizlyar and Makhachkala, 4,343 units of computer equipment worth more than 500 million rubles were found and confiscated.  According to experts, the total capacity of illegally consumed electricity was about 8 megawatts per hour

Cryptocurrencies may fall under large-scale regulatory bans in the world, more and more countries will limit citizens’ investments in them – CBR.

Russia’s Central Bank also proposes to ban cryptocurrency and mining, RIA Novosti reports.

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-prohibit any operations with cryptocurrencies on the infrastructure of the Russian financial market

-prohibit the issuance, organization of circulation and exchange of crypto-currencies in Russia

-ban banks from investing their money in cryptocurrencies

-prohibit cryptocurrency mining in Russia

-block transactions for the sale and purchase of cryptocurrency for real money

-introduce liability for Russians and Russian legal entities for purchases in cryptocurrency.

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