Russia to impose fines for crypto payments next year
Starting from next year, authorities in Russia are going to impose fines for cryptocurrency payments that have been banned since 2021.
According to a new law, the use of digital coins as a means of payment in the country will also be punished with confiscation of the assets involved.
Russians will be fined for paying with cryptocurrencies
Payments with decentralized digital currencies like Bitcoin will result in substantial fines for Russian citizens and businesses from 2026 onwards, the local press reported, quoting a prominent member of the State Duma, the lower house of parliament.
The government’s plan was revealed to Izvestia by Anatoly Aksakov, head of the chamber’s Committee on Financial Markets. He told the Daily that…
