Russian Expert Committee Proposes Hefty Fines for Residential Crypto Miners

A Russian government-appointed expert committee has proposed imposing heavy fines on suspected cryptocurrency miners operating in residential buildings in an effort to curb power outages in some parts of the country. The fines levied would be calculated based on commercial electricity rates typically charged to industrial companies, the report revealed. The authorities may also consider amending the Code of Administrative Offenses to hold those who abuse electricity accountable. (Bitcoin.com)