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Russian Lawmakers Move to Jail Unlicensed Crypto Operators Under Draft Law
Russia’s government has submitted a draft bill to the State Duma that would introduce criminal liability for offering crypto-related services without regulatory approval. The proposal targets entities involved in what lawmakers describe as the “organization of digital currency circulation” if they operate without a license from the country’s central bank. The measure marks a shift from administrative oversight toward criminal enforcement, expanding the legal risks for individuals and firms operating outside the formal regulatory framework. If passed, it would give authorities broader powers to prosecute ... (full story)