Russian official: The state should confiscate cryptocurrencies from illegal miners

According to ChainCatcher, citing a report from Cryptonews, Yevgeny Masharov, a member of Russia's 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 would deter "gray area" miners by making illegal mining unprofitable.

Masharov noted that illegal miners in many regions place significant strain on local power grids. If this proposal is adopted, regions across Russia—especially those facing energy shortages—would be greatly relieved.