[Russia Proposes Legislation to Severely Punish Unregistered Crypto Trading Activities] According to DL News, the Russian government has published a draft bill on the State Duma website, proposing criminal penalties for organizing the circulation of digital currencies without registration or approval from the Russian Central Bank. The maximum punishment could be up to 7 years of forced labor. Ordinary violators may face fines of up to $4,000 (approximately 29,000 rubles) and up to 4 years of imprisonment; operators of large crypto trading platforms may face fines of up to $13,000 (approximately 940,000 rubles), with responsible individuals subject to 5 to 7 years of imprisonment. The bill also proposes that most crypto transactions be conducted through commercial bank apps and imposes penalties on industrial-scale crypto miners for unreported activities. If approved by the State Duma and the President, the new regulations are set to take effect on July 1, 2027.