Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

Russian Crypto Industry Queries Government About Proposed Criminal Liability for MinersThe organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in […]

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Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds

Russia Considers Jail Time for People Helping Crypto Scammers Launder ProceedsThe interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’ Law Enforcement in Russia Targets Droppers Involved in Fraudulent Crypto Schemes The Ministry of Internal […]

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Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets

Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial WalletsKeeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such a measure. Russian Banks Move to Curb Use of Private Cryptocurrency Wallets Challenges with foreclosure and […]

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of ScamsFollowing the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country. We’ve covered the escalation of the crackdown in The Daily. Also, Russia’s Interior Ministry wants to introduce criminal liability for shadowy […]

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