Russia Sentences Citizen Over Crypto Transfers to Ukraine

Russia’s Federal Security Service (FSB) confirmed putting a resident behind bars for seven years.
The resident of Yakutia was found guilty of sending crypto to the aid of Ukrainian forces.
The FSB filed a criminal case under Article 275 of the Criminal Code of the Russian Federation.

A resident of Yakutia, Russia, has been sentenced to seven years in prison for sending cryptocurrency to support Ukrainian forces. This is just one of several similar actions taken against individuals in Russia in recent years.

The resident, an employee of a diamond mining firm, was identified by Russia’s Federal Security Service (FSB) on Tuesday. According to reports, he was providing financial assistance to the Armed Forces of Ukraine (VSU).

The FSB claims the Yakutia resident helped the VSU conduct “intelligence and subversive activities against the security of the Russian Federation.” He allegedly joined a social media group where Ukrainians instructed him to transfer cryptocurrencies.

The FSB has opened a criminal case against the resident under Article 275 of the Russian Criminal Code, which addresses high treason. This article specifically focuses on providing financial assistance to a foreign entity engaged in activities against Russia’s security.

This case follows a similar incident on January 10th, where a man was detained for allegedly transferring funds to Ukrainian forces.

In a separate incident, Russian court enforcement officers seized 103 BTC from former Investigative Committee of the Russian Federation (ICRF) employee Marat Tambiev as part of a bribery case, according to local news agency TASS.

Russia Bans Crypto Mining in 10 Regions

Meanwhile, Russia recently implemented a six-year ban on cryptocurrency mining in ten regions due to concerns about high electricity consumption. This new law, which went into effect about a month ago, affects Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, and the Zaporizhia and Kherson regions.

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