{"id":424736,"date":"2026-04-18T05:30:16","date_gmt":"2026-04-18T00:00:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/russia-introduces-bill-to-criminalize-unregistered-crypto-services-crypto-news\/"},"modified":"2026-04-18T06:56:49","modified_gmt":"2026-04-18T01:26:49","slug":"russia-introduces-bill-to-criminalize-unregistered-crypto-services-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/russia-introduces-bill-to-criminalize-unregistered-crypto-services-crypto-news\/","title":{"rendered":"Russia Introduces Bill To Criminalize Unregistered Crypto Services &#8211; Crypto News"},"content":{"rendered":"<div data-testid=\"html-renderer-container\">\n<p>Russia\u2019s government submitted a bill to its parliament\u2019s lower house in an effort to amend the country&#8217;s legal code to attach criminal liability for crypto services offered without regulatory approval or licensing.<\/p>\n<p>In a draft law <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/sozd.duma.gov.ru\/bill\/1209607-8\" href=\"https:\/\/sozd.duma.gov.ru\/bill\/1209607-8\" target=\"_blank\" rel=\"nofollow noopener\">sent<\/a> to the State Duma on Friday, Russian lawmakers proposed that entities &#8220;carrying out activities related to the organization of digital currency circulation,\u201d that operate without a license from Russia\u2019s central bank, could be subject to criminal liability.<\/p>\n<p>Without registration with the Bank of Russia, individuals could face up to $4,000 in fines and up to four years in prison, or more severe penalties if part of an organized group.<\/p>\n<p><iframe loading=\"lazy\" title=\"Why Russia can\u2019t use crypto to evade sanctions | Chainalysis Head of International Policy explains\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/4aXXTXl-Fqk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u201cThe same act committed by an organized group, or involving the infliction of damage or the extraction of income on a particularly large scale, would be punishable by compulsory labor for up to five years or imprisonment for up to seven years,\u201d the bill\u2019s text said.<\/p>\n<p>The bill also proposes a \u201cfine of up to 1 million rubles [$13,100] or an amount equal to the convicted person\u2019s salary or other income for a period of up to five years.\u201d<\/p>\n<p>The draft law followed a package of bills initially <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/russia-limit-crypto-trade-regulated-intermediaries\" href=\"https:\/\/cointelegraph.com\/news\/russia-limit-crypto-trade-regulated-intermediaries\">proposed in March<\/a> that included criminal penalties for illegal crypto miners, but the most recent legislation included details on fines and potential prison time for any unregistered digital asset services. <\/p>\n<p>According to Russian media outlet RBC, the country\u2019s Supreme Court <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/www.rbc.ru\/finances\/17\/04\/2026\/69e26e229a7947dfb8f4c382\" href=\"https:\/\/www.rbc.ru\/finances\/17\/04\/2026\/69e26e229a7947dfb8f4c382\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a> that the crypto bill lacks \u201creasoned justification\u201d for criminal penalties. <\/p>\n<p>The court said that the measure was \u201cpremature\u201d until Russia enacted its \u201cDigital Currency and Digital Rights law,\u201d expected to go into effect in July. If the bill passes it would give Russia\u2019s government more control and oversight over the crypto industry.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/12-crypto-protocol-entities-attacked-since-drift-exploit\" href=\"https:\/\/cointelegraph.com\/news\/12-crypto-protocol-entities-attacked-since-drift-exploit\"><em><strong>At least a dozen crypto entities attacked since Drift Protocol hack<\/strong><\/em><\/a><\/p>\n<h2>Russian crypto exchange Grinex still reeling from $14 million hack<\/h2>\n<p>Grinex, a Russia-based crypto exchange currently being sanctioned, <a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/grinex-hack-14m-crypto-exchange-suspends-trading\" href=\"https:\/\/cointelegraph.com\/news\/grinex-hack-14m-crypto-exchange-suspends-trading\" target=\"_blank\" rel=\"nofollow noopener\">halted trading for users<\/a> on Thursday after losing more than 1 billion rubles \u2014 about $13.7 million \u2014 in a hack it suspected was carried out by \u201centities of hostile states.\u201d <\/p>\n<p><iframe loading=\"lazy\" title=\"How Close Are We to $1,000,000 Bitcoin? Adam Back Weighs In\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/U4G7Ws9yPi8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The company said it forwarded relevant information on the attack to law enforcement agencies and filed a criminal complaint.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" title=\"https:\/\/cointelegraph-magazine.com\/clarity-act-define-path-non-custodial-defi-us\/\" href=\"https:\/\/cointelegraph-magazine.com\/clarity-act-define-path-non-custodial-defi-us\/\" target=\"_blank\" rel=\"nofollow noopener\"><em><strong>Will the CLARITY Act be good \u2014 or bad \u2014 for DeFi?<\/strong><\/em><\/a><\/p>\n<p><template data-type=\"markets_outlook\" data-name=\"subscription_form\" data-label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<div data-testid=\"latest-disclaimer\">Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/editorial-policy\">https:\/\/cointelegraph.com\/editorial-policy<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Russia\u2019s government submitted a bill to its parliament\u2019s lower house in an effort to amend the country&#8217;s legal code to attach criminal liability for crypto services offered without regulatory approval or licensing. In a draft law sent to the State Duma on Friday, Russian lawmakers proposed that entities &#8220;carrying out activities related to the organization [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":424743,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-424736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424736"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424736\/revisions"}],"predecessor-version":[{"id":424744,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424736\/revisions\/424744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424743"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}