Russian Ministry Proposes Correctional Labor Penalty for Bitcoin Crimes

By September 25, 2015Bitcoin Business

crime, penalty Russia’s Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax .

Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ( $4,574 ) or through up to 360 hours of correctional labor […]

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