- Russians trade $648 million per day in unregulated markets.
- Ordinary offenders could be jailed for four years, fined $1,300.
- Proposal could come into force in July 2027.
Buying and selling crypto in Russia without a central bank-issued operating permit will land you in a forced labour camp for up to seven years — if the Kremlin gets its way.
Private individuals who buying and selling coins without permission in Russia will also face criminal punishment under the government’s proposals.
“This bill proposed to introduce criminal liability for carrying out activities related to the organisation of digital currency circulation without registration or without a special permit,” the government wrote in a draft bill published on the State…
