The Russian Finance Ministry has proposed penalties for the issuance of "money surrogates including digital currencies" consisting of as many as four years in prison.

It gets worse for financial firm execs sat seven years and banned from the industry.

Fines run into the millions of Russian Ruble which is just a bit over 1¢ in USD. $1 USD is equivalent to 67.67₽.

Russia apparently doesn't like bitcoin.

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