According to TASS, the State Construction and Legislation Committee of the Russian State Duma has recommended the passage of a bill aimed at punishing illegal cryptocurrency trading during the first reading. The bill intends to make the illegal organization of digital currency circulation a criminal offense, and if it causes citizens, organizations, or countries to suffer "significant losses" or obtain "significant gains" (defined as more than 3.5 million rubles), the maximum sentence is 4 years in prison and a fine; If carried out by an organized group or causing "particularly large losses" (exceeding 13.5 million rubles, approximately 172900 US dollars), the maximum sentence can be up to 7 years and a fine of up to 1 million rubles. In addition, the committee also recommends the adoption of a supporting administrative penalty bill, imposing fines of up to 1 million rubles on institutions engaged in digital currency trading for trading with unqualified investors. https://www. (wublock123.com)/news/news-63883