The position of Russian regulators regarding crypto currencies in general and Bitcoin, in particular, has yet to be made clear. Whereas in 2014 the Bank of Russia dubbed Bitcoin a type of money surrogate and warned against it, the law is not precise regarding the status of Bitcoin and its use.
This is about to change, as Russia’s Ministry of Finance is once again working on a bill concerning Bitcoin. As per LeapRate’s earlier report, the Ministry of Finance envisages tough penalties for the emission and dealing in crypto currencies. The penalties include fines, and even corrective labor. Later media reports stated that the penalties may include prison terms of up to four years.
https://leaprate.com/2016/02/russias-ministry-of-finance-to-present-bill-penalizing-bitcoin-use-in-june/
