Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds – Regulation Bitcoin News
— Introduce, Jail, Liability, Considers, Interior, Involved, Scammers, Russian, Russia, Launder — 1 min read
Interior Ministry of Internal Affairs wants to introduce criminal liability for 'droppers' who help fraudsters launder funds. Droppers may get between four and seven years of prison time if convicted. Russia is yet to comprehensively regulate its crypto space, with new legislation expected to be adopted this fall. In May, a top central bank official revealed that more than half of all financial pyramids identified in the first quarter of this year were linked to cryptocurrencies. In June, a bill introducing penalties for unauthorized issuance of digital financial assets was submitted to the State Duma, the lower house of Russian parliament. Do you expect Russian lawmakers to support the interior ministry’s proposal? Share your thoughts on the subject in the comments section below. Back to Mail Online home Source