Russia Lowers Proposed Penalties For Bitcoin Activities
Russia's Ministry of Finance has reduced the proposed fines both individual and institutional bitcoin users would potentially face for creating, issuing or promoting digital currencies under a draft bill that seeks to outlaw the use of so-called "money surrogates" like bitcoin. The updated bill decreases penalties for individuals, who under the latest version would only incur a maximum 50,000 ruble fine (roughly $1,050), down from 60,000 rubles ($1,314) in the previous iteration. Under the new terms, individuals who disseminate money substitutes directly could be fined 20,000-40,000 rubles....
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