This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Russian authorities are escalating their crackdown on domestic crypto payments with a new bill proposing hefty fines and asset seizures. The legislation reinforces existing bans while expanding enforcement mechanisms, signaling stricter oversight of digital assets.
- New Russian bill proposes fines up to $12,500 for companies using crypto domestically and allows asset seizures.
- Officials confirm crypto exchanges operating in Russia, including binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance, routinely share user data with authorities.
- Russia is developing a national crypto exchange for cross-border trade while tightening domestic restrictions.
📎 Related coverage from: cryptoslate.com
Related Tags: Binance
Other Tags: Ministry of Finance