According to RIA Novosti, the Russian government’s Legislative Activities Committee has approved a draft bill introducing criminal liability for illegal cryptocurrency circulation, specifying sentencing thresholds and the effective date. Senior members of the Russian Bar Association pointed out that for crypto activities without central bank approval, if the amount involved exceeds 3.5 million rubles, it will be considered 'significant,' with a maximum penalty of 4 years in prison and a 300,000 ruble fine. If the amount exceeds 13 million rubles or involves organized crime, the maximum penalty increases to 7 years in prison. Reportedly, the related criminal law amendments are expected to take effect on July 1, 2027. https://(wublock123.com)/news/russia-criminalizes-illegal-crypto-trading-threshold-59485