Bitcoin News Russia: Illegal crypto business can be imprisoned and fined up to 2 million rubles

Bitcoin News Russia: In the Duma, the illegal circulation of crypto assets was proposed to be severely punished. Documents have already been sent to the Ministry of Economic Development.

Individuals plan to fine from 20 to 500 thousand rubles, officials from 50 thousand to 1 million rubles with suspension for up to a year, legal entities from 100 thousand to 2 million rubles. This is reported by RBC.

If the damage to citizens, organizations, or the state is caused by large or especially large, the deputies suggest equating such violations with criminal ones. The punishment for them is fines of up to a million and imprisonment for up to seven years.