#Breaking : In Russia, cryptocurrency trading could now land you in prison❗❗
On May 2, a bill was submitted to the State Duma proposing stricter penalties for the use of electronic payment methods — including regular bank cards and crypto transfers.
Key points:
Even a basic crypto transaction might be considered illegal, with prison terms up to 6 years depending on the role.
Lawyer Ignat Likhunov warns that anyone trading crypto or transferring funds without a “clear basis” could face charges.
Penalties: 3 years for basic transfers (“drops”), 6 years for organizers or traders.
Likhunov notes: crypto users may face the same treatment as criminals, choosing cash-only to stay safe.
If this law passes, Russia’s crypto scene could shift into a shadow economy driven by fear and cash.
#CryptoCrackdown #RussiaCryptoLaw #BitcoinAlert #DigitalRisk
