Russia’s State Duma Set to Finalize Crypto Regulation This Week
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Russia’s State Duma will hold final readings this week on a comprehensive crypto regulation bill covering trading, licensing and investment rules that could take effect on September 1. The draft creates distinct investment limits for retail and qualified investors and preserves bans on certain uses of digital assets, providing regulatory clarity that will reshape adoption and operations for CEXs, DEXs and market participants in Russia.
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- Russia’s new crypto regulation bill will reach the State Duma this week.
- The bill includes trading, licensing, and investment rules in the country.
- If approved, the proposal is expected to become effective on September 1.
Russia is now officially moving closer to launching its comprehensive crypto regulation bill. The country’s parliament, the State Duma, will reportedly hold the final readings of the crypto licensing bill this week. This brings the legislation nearer to becoming a law.
As per reports, the proposed crypto regulation bill includes comprehensive rules for crypto trading, licensing, and investments in Russia. The bill introduces clear distinctions in investment limits for retail and qualified investors. Although the bill is expected to bring long-awaited clarity to the country’s crypto market, it continues to ban the use of digital assets for …
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