Russia moves to criminalize unregistered crypto services, requiring providers to register with the Bank of Russia or face fines and jail time
CoinTelegraph •
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Promote with Leviathan NewsRussia carved out mining in 2024 but left exchange services in regulatory limbo — this closes the gap with criminal penalties. P2P through Bybit and Binance was the retail workaround; pushing services offshore just accelerates that, same playbook China ran post-2021. A7A5 and whatever other Rosbank-blessed ruble stablecoins emerge get a captive onshore market while foreign issuers get locked out entirely.
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More coverage
- Russia introduces bill to criminalize unregistered crypto services (binance.com)
- Russia Proposes Bill to Criminalize Unregistered Crypto Services (phemex.com)
- Russia Introduces Bill To Criminalize Unlicensed Crypto Services (coinmarketcap.com)
- Russia moves to criminalise unlicensed crypto services - AIBC World (aibc.world)
- Russia introduces bill to criminalize unlicensed digital assets (coingeek.com)
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