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The Russian Parliament is reviewing a bill to more strictly regulate crypto

The Russian Parliament is reviewing a bill to more strictly regulate crypto


10h45 ▪
4
min read ▪ by
Fenelon L.

Summarize this article with:

Russia is toughening its tone against crypto market players operating outside any legal framework. Moscow has just submitted a bill to parliament that provides for heavy criminal penalties for any unauthorized cryptocurrency service. A regulatory offensive that is part of a broader strategy to take back control of a sector that currently escapes state control.

An authoritarian Russian politician holds up a shiny cryptocurrency token—a symbol of state control—in a tense parliament hall with dramatic orange lighting.An authoritarian Russian politician holds up a shiny cryptocurrency token—a symbol of state control—in a tense parliament hall with dramatic orange lighting.

In brief

  • The Russian government has submitted a bill to the State Duma to criminalize…

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