Russia passes landmark crypto bill allowing regulated retail trading
AI Summary
Russia's State Duma has approved a significant crypto bill that introduces regulated retail trading for cryptocurrencies. Non-qualified investors are now subject to an annual purchase limit of 300,000 rubles. This move signals a step toward formalizing the crypto market, potentially increasing legitimacy and oversight while curbing speculative excesses. This development is pivotal for Russia as it seeks to balance innovation with regulatory control, positioning itself as a player in the global crypto landscape.
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