Russia's Ministry of Finance has proposed adding new provisions to the Code of Administrative Offenses to impose fines on crypto exchanges that violate digital currency circulation regulations. According to the draft, if a crypto exchange continues to provide trading services after a retail investor has reached the government-set annual crypto trading limit, the relevant entity will be fined 700,000 to 1,000,000 rubles (approximately $7,500 to $11,000); responsible individuals may face fines of 30,000 to 50,000 rubles or be barred from holding office for 1 to 2 years. The draft has been approved by the government's legislative committee, and if passed, the provisions are set to take effect on July 1, 2027. (bits media)