russia finance ministry Russia’s Deputy Finance Minister has confirmed the country’s plans to penalise the conversion of cryptocurrencies such as bitcoin into the ruble.
Speaking to CoinDesk, Alexey Moiseev said a proposed draft law has been created and, if passed, would mean people engaging in crypto-to-fiat conversions would face up to four years in prison.
He explained: "It’s true that we have developed draft law which provides up to four years in prison for some types […]