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Crypto organizations are fined for violating restrictions against Russia

Crypto organizations are fined for violating restrictions against Russia

On Monday, the FSA announced punishments for projects that don’t follow economic sanctions. In case they break the rules, a real prison sentence or a fine of ¥1 mln can be applied. The authorities also stated that organizations are obliged to contact them if any suspicious transactions are detected instantly. The Western government continues to implement sanctions and freeze profiles of tycoons and influential Russian individuals.

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