New Bill from Russian Parliament: Penalty for Illegal Crypto Production and Trading

The Russian Parliament has introduced a new bill to govern the illegal issuance and trade of cryptocurrencies.

The bill, which parliament is currently reviewing, is involved in the illegal production and trading of cryptocurrencies. individuals or companies will be penalized is stated.

Persons violating the law if the bill submitted by Anatoly Aksakov comes into force 90 dollarsif the authorities fined 550 dollars will be sentenced. If legal entities and businesses 13.000 to for $15,000 may be penalized.

Ksenia Yudaeva, Deputy Governor of the Central Bank of Russia 1 June made on the in the statement, He said that the central bank is open to the use of cryptocurrencies in international transactions.

About the statement of the deputy central banker 1 week later Russian Anatoly Aksakov, Chairman of the State Duma of the Russian Federation, the lower house of the parliament, A bill that would ban cryptocurrencies for any payment method had submitted. This bill has passed the first stage but still has not received approval.

If last week Elvira Nabiullina, Governor of the Central Bank of Russia, He made the following statements in his statements:

It can be used for international payments as long as cryptocurrencies do not interfere with Russia’s domestic financial system.

What will be the future of cryptocurrencies in Russia with the statements made? not yet clear looks.

source site-10