Russian officials: The state should confiscate the cryptocurrency of illegal miners

ChainCatcher news, according to Cryptonews, Yevgeny Masharov, a member of the Russian Public Chamber and a policymaker, stated that authorities should be granted the power to confiscate cryptocurrencies from illegal or quasi-legal Bitcoin miners. Masharov believes that this proposal will deter "gray" miners by "making illegal mining unprofitable."

Masharov noted that many regions face significant pressure on their power grids from illegal miners, and if the proposal is accepted, regions in Russia, "especially those with energy shortages, will breathe a sigh of relief."