Russia Proposes 2M Ruble Fine and 7 Years in Prison for Illegal Crypto Use

Russian lawmakers have proposed penalties of up to 2 million rubles (approximately $27,800) and a prison sentence of seven years for the illegal trading of digital assets and cryptocurrencies.

According to reports from a Russian business news channel, the draft amendments to the administrative and criminal offenses codes have been confirmed as authentic, although they have not yet been enacted into law.