wait last time i've checked russis were heading to accept bitcoin and regulate it? so this must be only a vaporware proposal nothing to worry about
it will never be accepted
they are. the fines and jailtime are for certain groups who use bitcoin... wait for it.. FOR ILLEGAL ACTIVITIES.
its not saying that bitcoin itself is illegal, but if people are found out as scammer, drug pushers, arms dealer, kiddy fiddlers or money launderers .. there is a punishment for them.
these same rules also applies to other currencies like people on the blackmarket trading dollars without a registration, etc where the funds are used for illegal activities
the funny thing is that cryptocoin news is not quoting the real source but an mis-interpretation, from another news source.
i really wish these crappy media outlets actually bothered to include the real source.