Russia’s Ministry Of Internal Affairs Proposes Criminalizing Unregistered Crypto Operations

News, Regulation | August 28, 2018 By:

The Russian Ministry of Internal Affairs is reportedly considering making all unregistered cryptocurrency operations in the country a criminally-liable offense.

According to documents obtained by Russian newspaper Izvestia, the Internal Affairs Ministry’s Main Directorate for Drugs Control (GUKON) has asked the Ministry of Finance for an amendment to current tax regulations that require persons or entities to register with state tax authorities if they want to conduct crypto transactions.