The Supreme Judicial Court of the Russian Federation, with the decision made today, fined a $ 760 cryptocurrency advertisement. As a result of the review made by the court regarding cryptocurrencies, it was announced that it was appropriate to impose a penalty of 50,000 Rubles for a crypto money advertisement, and this penalty amount was equal to 760 dollars at the current dollar rate. The reason for the decision was the cryptocurrency advertisement, which was a first in the history of Russia.
The lower house of the Central Bank of Russia sued
Declaring that the cryptocurrency advertisement provides financial services, not consultancy services, the judge of the Supreme Judicial Court of the Russian Federation decided that the lawsuit filed by the lower house of the Central Bank of Russia would be concluded positively. Many courts in Russia are trying to give the message of “we are strong” to the world by deciding on the side of the government, even if the citizen is the right party in the cases brought against government institutions. It is stated to be large.