Russian central bank chief wants crypto traders to face ‘harsher punishments’

Elvira Nabiullina proposes enhanced punishments for cryptocurrency traders, arguing that crypto must not infiltrate Russia’s domestic economy. She calls for stricter legal consequences for using crypto in local transactions.

Nabiullina supports the concept of allowing only highly qualified investors to engage with Russian crypto infrastructure, highlighting a need for regulatory safeguards while recognizing international trade allowances within specified parameters.

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