Russia's cryptocurrency regulation plan is scheduled to be introduced in July this year for lawmakers to vote on.

BTC1,05%
ETH0,68%

PANews January 29 News, according to DL News citing the Russian Parliament Gazette, Moscow will introduce Russia’s cryptocurrency regulation policy in July, allowing retail and institutional investors to purchase Bitcoin before mid-2027. Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, stated that a comprehensive legislative framework will be ready by the end of June for voting by State Duma deputies. If approved, the bill will come into effect on July 1, 2027. Aksakov said that the bill will include regulatory provisions for cryptocurrency exchanges, and unregistered cryptocurrency exchange operators may face fines or imprisonment, similar to Russia’s laws against illegal banking activities. According to the plan, retail investors will need to pass a qualification test to trade cryptocurrencies and may be subject to an annual purchase limit of $4,000. The central bank is expected to develop a whitelist of cryptocurrencies available for retail trading, possibly including mainstream assets like Bitcoin and Ethereum; qualified investors will be able to trade tokens outside the whitelist.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Google Sets 2029 Deadline to Deal With Quantum Threat—Is It a Problem for Bitcoin?

In brief Google publicly set a 2029 deadline to transition its systems to post-quantum cryptography. Bitcoin faces long-term cryptographic risk as quantum breakthroughs compress security timelines. Crypto must coordinate a slow, decentralized migration to quantum-resistant standards

Decrypt11m ago

Crypto News: 200x Returns Are No Longer in BTC or ETH as DeepSnitch AI Becomes the Presale Banger With the Potential for Huge Returns

At the moment, crypto firms like Lombard and Bitwise are trying to figure out how to squeeze a tiny bit of yield out of old coins. But on the other hand, buyers are looking for life-changing wealth.  DeepSnitch AI recently shattered the $2.5 million funding mark, establishing a Stage 8 entry p

CaptainAltcoin1h ago
Comment
0/400
No comments