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31 May 2020

Russia Considering Draconian Rules for Illegal Crypto Operations - CoinDesk

Russia Considering Draconian Rules for Illegal Crypto Operations - CoinDesk


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The first draft bill would regulate digital currencies in Russia.

The same level of penalty is suggested for organizing operations with digital assets and cryptocurrencies without approval, while individuals would face a fine of up to $2,800.

The mentions of a central bank register suggests legislators are providing leeway for some officially sanctioned entities to issue and use digital assets, while most general operations would be banned

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