Russian Bear Fed Up With Bitcoin BullshitRussia'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 under the new bill.
Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).
What could we expect more from the nation where financial freedom doesn't exist. Where everything regarding finances is strictly controlled and where in order to move freely your money, you need to be a member of the rich oligarchy and then, after you pay to somebody surely, you are free to move your money out of the Russia and buy real-estate in London and Cote d'Azur.