Report: Russia to Propose 7-Year Prison Sentences for Digital Currency Issuers
The Russian Finance Ministry has reportedly tightened its proposed penalties for the issuance of so-called money surrogates including digital currencies. News service Interfax has reported that, according to an unnamed source in the Russian government, individuals who issue money surrogates face as many as four years in prison. Executives with financial firms that release their own money surrogates could be imprisoned for as many as seven years and be restricted from holding similar positions in the future. Fines for issuing a money surrogate, according to Interfax, range from 500,000....
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