Russia Proposes 2M Rub Fine and 7 Years in Jail for Illegal Crypto Use

Cointelegraph

Published May 22, 2020 01:09PM ET

Updated May 22, 2020 02:40PM ET

Russian lawmakers have suggested punishments of up to 2 million rubles ($27,800) and seven years in prison for illegal turnover of digital assets and cryptocurrencies.

As reported by the Russian business channel, RBC, the draft amendments to the administrative and criminal offences codes were confirmed as genuine, but have not yet been agreed into law.

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