Russia's move is brutal: 7 years in prison and a 10 million ruble threshold, effectively sealing off the gray area.

Coin World News, according to reports from TASS, the Russian State Duma Committee on State Building and Legislation has recommended first-reading approval of a bill submitted by the government, which proposes criminal liability for violations of digital currency circulation laws, with a maximum sentence of 7 years in prison. The draft stipulates that illegal organization of cryptocurrency circulation causing significant losses or obtaining large amounts of income will face fines, forced labor, or up to 4 years in prison; if committed by an organized group or causing especially significant losses, the maximum sentence is 7 years, and may also include a fine. The draft defines losses or income exceeding 3.5 million rubles as significant, and exceeding 13.5 million rubles as especially significant. A supporting administrative penalty draft has also been recommended for first-reading approval, with a maximum fine of 1 million rubles for violations.