🚨 Proposal for strict laws on cryptocurrency in Russia! 🇷🇺💰

A proposal has been made to declare cryptocurrency transfers illegal in Russia and to apply criminal liability.

📜 The Russian Public Chamber reminded that during the Soviet era (1960), Article 88 of the Criminal Code was in force,

under which cases and punishments were imposed on those engaged in transactions involving foreign currency.

💬 Public representatives say that nowadays billions of illegal funds are being hidden in cryptocurrency,

therefore state institutions — especially the FSB (Russia's secret agency) — should be granted full oversight of these activities.

📉 If this law is passed, individuals engaging in cryptocurrency transactions in Russia could face imprisonment or heavy fines.

#Russia #CryptoBan #Bitcoin #Blockchain #FSB #CryptoNews #Regulations #CryptoAlert #BreakingNews

👍 Like, Comment, Share, and Follow to get the latest updates on cryptocurrency laws first!