Russia Approves Revised Crypto Bill for Second Reading
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Russia’s State Duma Financial Market Committee approved a final crypto bill for its second reading that would recognize cryptocurrencies as legal property and place most crypto activity under state supervision. The revised bill removes mandatory wallet address reporting, proposes a 300,000-ruble annual crypto investment cap for retail investors and pushes the planned July 1 implementation later, signaling regulatory clarity but tighter limits on retail adoption and fundraising.
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- Russia’s Financial Market Committee has approved the final version of its crypto bill.
- The revised bill removes mandatory crypto wallet address reporting, among other changes.
- Russia proposes a 300,000-ruble annual crypto investment cap for retail investors.
Russia has moved one step closer to introducing a comprehensive legal framework for cryptocurrencies after the State Duma’s Financial Market Committee approved the final version of the country’s crypto bill for its second parliamentary reading.
The legislation would formally recognize cryptocurrencies as legal property while placing most crypto activity under state supervision. The bill still requires approval in the second and third readings before moving to the Federation Council and, finally, President Vladimir Putin for signing.
Lawmakers have also pushed the proposed implementation date from July 1 to…
Read The Full Article Russia Approves Revised Crypto Bill for Second Reading On Coin Edition.
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