Unregistered operators could face fines of up to $4,000 and prison sentences of up to four years.
Crypto News
Russia’s State Duma received a draft law on Friday that would make operating an unlicensed crypto service a criminal offense. The bill targets any individual or entity organizing the circulation of digital currencies without prior approval from the Bank of Russia.
Unregistered operators could face fines of up to $4,000 and prison sentences of up to four years. Those penalties apply to individuals acting alone.
Members of an organized group face harsher consequences. The bill sets out sentences of up to seven years in prison or compulsory labor of up to five years for group offenses. Courts could also impose a separate financial…
