Russian bitcoin miners are afraid to come into contact with restrictions as the government compiles a registry that includes wallet addresses and other sensitive data.
Bitcoin (BTC) miners in Russia are not thrilled about a new government registry, scooping sensitive data including crypto wallet addresses under new rules. If leaked, it can be “a great gift for our geopolitical opponents,” a Russian legalist warned Anton Gorechin, who oversees the information policy.
Crypto Minor Registry in Russia has been running since November 2024. The national registry is available through service on the federal tax service of Russia. Tax agency chief Daniel Yigorov, mentioned Before about 150 miners presented registration requests in the first three weeks of operating the registry.
In A telegram post On 7 February, Gorelkin stated that Russian Crypto miners are now concerned about the registry, highlighting sensitive information from fear of a data leak and leading restrictions. The tax agency assured him that the data is stored in a “separate interior protected system”, with Gorechin noted that everyone has not access to within the agency and this external access is “practically impossible.”
“And although cyber security experts prefer to repeat the mantra” everything that can be leaked, will eventually be leaked, “the federal tax service claims that the risk of sensitive information leaked from its internal systems is now reduced to zero. Has gone.”
Anton Gorechin
In 2024, Roskomnadzor, Russia’s communication watchdog responsible for banning YouTube, discord and Viber, between hundreds of other VPN services, VPN services, Record 135 data leaks are leaking online with more than 710 million records of Russians.
The spike came in the leak as companies faced low fine. But by the end of 2024, the Russian state Duma imposed a bill fine for data violations. Before changes, companies can be fined only 100,000 rubles (about $ 1,000), but after the update, the maximum of 150 times to 15 million rubles (about $ 150,000) skyrockens.
Russia’s crypto mining area is not directly under international restrictions, but some companies are still caught in a crossfire.
In April 2022, Office of Foreign Property Control of Treasury’s US Department Accepted A Swiss-based holding company Bettrivor AG, with operations in Russia, was first targeted to a crypto mining company. Rapid forward to March 2024, and OFAC hit 13 Russian institutions including fintech firms such as B-Crypto, Masterchain, Litkhoss and Atomaz to help remove restrictions through crypto services.
