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Primary enforcement method for Russian crypto regulations by end of 2025?
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Official announcements from the Russian government or legal publications
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Russian Diamond Miner Sentenced to Seven Years in Maximum-Security Penal Colony for Funding Ukrainian Military with Cryptocurrency
Jan 15, 2025, 06:28 AM
A Russian resident has been sentenced to seven years in a maximum-security penal colony for using cryptocurrency to support the Ukrainian Armed Forces. This case marks the first public verdict in Russia related to financing a military organization through cryptocurrency. The Federal Security Service (FSB) reported that the individual, a diamond miner, transferred funds to Ukrainian wallets after receiving instructions from contacts online. The ruling highlights the Russian government's stance on cryptocurrency usage in relation to military funding amid ongoing tensions with Ukraine.
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