Russia Approves Prison Sentences Up to 7 Years for Illegal Crypto Use
ArchivedGlobal|2 articles|2 sources|2 blocks
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Reported Facts
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- •The approved penalties include prison sentences of up to seven years for illegal cryptocurrency circulation.
- •The legislation aims to criminalize business patronage related to unauthorized crypto activities.
- •The government’s decision was reported by RBC and confirmed by Meduza on April 13 and April 16, 2026.
- •The new rules affect both individual crypto users and businesses operating within Russia.
What Could Happen If...
- ▸If Russian authorities strictly enforce the new criminal penalties then illegal cryptocurrency activities may decline, affecting crypto businesses and reducing unregulated digital currency transactions in Russia.
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