Russian Government Introduces Crypto Bill to Parliament Over Central Bank Objections

The announcement highlights the policy split with the Bank of Russia, which opposes regulation and would rather see cryptocurrency trading and mining banned. The central bank, which has been pushing forward the pilot of its central bank digital currency, the digital ruble, has suggested punishing crypto trading and issuance with fines up to 500,000 rubles (US$6,360) for individuals and 1 million rubles for companies, the Tass news agency reported.