Express

Russian Lawmakers Suggest Fines Of Up To 2M Ruble And 7 Years In Jail For Illegal Crypto Use

Ramsey Baker

Summary: Russian lawmakers have recommended fines of up to 2 million rubles ($27,800) and prison terms of up to seven years for illegal issuance and use of cryptocurrencies. According to a report from the Russian business channel RBC TV on May 21, the draft amendments to the administrative and criminal offences codes have been confirmed as ...

Russian lawmakers have recommended fines of up to 2 million rubles ($27,800) and prison terms of up to seven years for illegal issuance and use of cryptocurrencies.

According to a report from the Russian business channel RBC TV on May 21, the draft amendments to the administrative and criminal offences codes have been confirmed as real, but still haven’t been agreed into law.

By Ramsey Baker

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