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Russian Sentenced to Seven Years in Prison for Sending Crypto Assets to Ukrainian Military: Report

by n70products
January 17, 2025
in Regulations
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An worker of a diamond mining firm in Russia was reportedly sentenced to seven years in jail for offering monetary help to the army forces of Ukraine.

In accordance with native media outlet Izvestia, a person from the Mirninsky district of Yakutia is now detained in a most safety jail after utilizing cryptocurrency to repeatedly switch funds to the Armed Forces of Ukraine (AFU).

The report says the person aided a unit of the AFU in finishing up intelligence and subversive actions in opposition to Russia by offering monetary help. He’s mentioned to have obtained directions to switch funds to a digital pockets after becoming a member of a bunch on a social community.

Says Russia’s Federal Safety Service (FSB), in accordance with the report,

“A felony case was initiated and investigated in opposition to a resident born in 1988 below Artwork. 275 (‘Treason within the type of monetary help to a overseas state, worldwide or overseas group or their representatives in actions directed in opposition to the safety of the Russian Federation’) of the Felony Code of Russia.”

Russia and Ukraine are making the most of crypto amid the continuing struggle between the 2 nations. Following Russia’s invasion, the Ukrainian authorities introduced it was accepting crypto donations for wartime support.

Companies in Russia now use Bitcoin (BTC) and different digital currencies to have interaction in overseas commerce because the nation faces Western sanctions.

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Tags: AssetsCryptoMilitaryprisonReportRussianSendingsentencedUkrainianyears
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