The State Duma will determine the fines for the illegal circulation of cryptocurrencies

• The State Duma listed the amount of fines for the illegal circulation of cryptocurrencies
• So far, legislatorspreliminary approval of the bill
• The initiator of the bill earlier doubted the imminent legalization of the market

A bill was introduced to the State Duma outliningadministrative responsibility for the issuance and circulation of digital financial assets (DFAs) in Russia without proper registration. The initiator of the bill was the head of the financial market committee, Anatoly Aksakov.

According to the details, non-compliance with the requirements of the lawabout CFA propose to impose a fine in the amount of ₽3,000 to ₽5,000. For officials, the amount of the fine increases from at least ₽20,000 to ₽30,000, and for legal entities - from ₽500,000 to ₽700,000.

The bill also states that a personcarrying out entrepreneurial activities in the circulation of digital financial assets without proper registration and without legal education, is liable as a legal one. The government has already tentatively approved the bill, but indicated that it needs to be finalized.

Note that Aksakov previously advised not to expect a law on cryptocurrencies in the near future. According to him, there are “suspicions that American intelligence agencies largely control this market.”

“[…] therefore there is no desire to fall under their invisible or visible eye when carrying out financial transactions”,- he asserted.

Let us remind you that the size of the authorized capital of a legal entity forregistration of a DFA exchange operator is at least ₽50 million. The Moscow Exchange previously expressed interest in registering as a DFA operator, but noted that infrastructure requirements still remain vague.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bitget	https://bitget.com	7.8
3	Huobi	https://huobi.com	7.2
4	AAX	https://aax.com	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.