A Russian man who funded the Ukrainian army with cryptocurrency has been sentenced to 7 years in prison for treason.

Almost three years after the start of the Russian-Ukrainian war, the Russian government continues to strengthen the control of internal capital flows, especially for any form of funding to Ukraine, the Russian Federal Security Service (FSB) recently announced that a resident of Russia's Sakha Republic was sentenced to 7 years in prison for using cryptocurrency to fund the Ukrainian armed forces. (Synopsis: Russia announced that it has opened BTC to pay for international trade, and the next step is to build BTC reserves? (Background addition: Russia announced a ban on mining in 10 regions until 2031, afraid that the grid will be squeezed dry) According to the Russian media "Izvestia", a resident of the Mirning district of the Sakha Republic of Russia was sentenced to 7 years in prison for using cryptocurrency to provide financial assistance to "Ukrainian terrorist organizations" and will serve his sentence in a strictly controlled prison, this news was released by the press service of the Sakha Republic Office of the Russian Federal Security Service (FSB) on the 14th. Russian resident sentenced for financing Ukraine with cryptocurrency According to several reports, the employee of the Russian BCD mining company, arrested for repeatedly using cryptocurrency to fund Ukrainian militants, the suspect provided financial support to a unit of the Armed Forces of Ukraine, allowing the organization to use the funds to "conduct reconnaissance and subversive activities against the security of the Russian Federation." According to the report, after the person joined the "terrorist organization group" on the social network platform, he received instructions for transferring CryptocurrencyWallet from the Ukrainian commander, the FSB of Russia said: The case has been opened and a criminal investigation has been opened against the resident, born in 1988, in accordance with Article 275 of the Criminal Code of the Russian Federation (state defection against the security of the Russian Federation in the form of financial assistance to foreign states, international or foreign organizations or their representatives). The case, which was found guilty of treason, is the first time Russia has been publicly convicted of using cryptocurrency to fund a military organization. Earlier, a resident of the Russian-recognized Donnetsk People's Republic was also detained on suspicion of a state mutiny, and according to preliminary information, the man repeatedly transferred money through electronic accounts to finance servicemen of the Armed Forces of Ukraine. Russia opens BTC payments to circumvent Western sanctions It is worth noting that although Russia banned the use of cryptocurrency to fund Ukraine, Russia has legislated to counter economic sanctions in Western countries through the use of cryptocurrency such as BTC, and Russian Finance Minister Anton Siluanov said last month that Russian companies have begun to use BTC and other digital currencies in international payments. Anton Siluanov pointed out at the time that in addition to allowing the adoption of BTC payments in foreign trade, Russia has also legalized cryptocurrency mining activities, and he spoke highly of the role of cryptocurrency in the field of payments, arguing that it should be further expanded and developed, and that international payments of digital currencies represent the future. At the same time, Anton Tkachev, a member of the New People's Party of the Russian State Duma, also called on Russian Finance Minister Anton Siluanov through a document last month that Russia should establish BTC strategic reserves, explaining that in the context of geopolitical instability, traditional currency reserves are vulnerable to fluctuations, sanctions and inflation, which pose a threat to the country's financial stability. Related reports The Russian parliament proposes to "include BTC in strategic reserve assets" as a counterweight to international economic sanctions The ruble "collapsed" the lowest after the war between Ukraine and Russia! Central Bank urgently called out the exchange of foreign exchange, experts: Russia's economy is on the verge of collapse Sun Justin attended Russia's The Trends Summit: In the second decade of the encryption industry, the public chain ecology will develop rapidly "Russian man financed the Ukrainian army with cryptocurrency and was sentenced to 7 years in prison by the court for treason" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".