Russian crypto traders under pressure from new laws
Russia has been adopting and updating laws allowing it to target cryptocurrency transactions ahead of next year’s launch of its own coin, the digital ruble.
The legislative changes make it harder for ordinary Russians to pay with or trade crypto, as operations like these can lead to account freezing, asset seizure and even criminal prosecution.
Payment system law to hit peer-to-peer crypto trades in Russia
The federal law “On the National Payment System” now empowers banks to restrict access to a client’s bank account if it’s involved in any kind of suspicious transactions, leading Russian crypto news outlet Bits.media raised the alarm this week.
Accounts can be blocked if money linked to illegal activities has been credited…
