Russia has officially approved its first comprehensive crypto law....
marking a major shift in the country's approach to digital assets.
Instead of banning crypto, the government is bringing it under strict central bank supervision.
From now on, only licensed exchanges and approved custodians will be allowed to handle crypto transactions within the country.
The #Russian ruble will remain the only legal currency for everyday payments, while cryptocurrencies will be treated as regulated digital assets rather than a replacement for money.
Retail investors will face annual investment limits and eligibility checks, while businesses and financial institutions now have a clearer legal framework to use crypto especially for cross-border transactions.
This move takes Russia from operating in a legal grey area to a fully
#regulated , state-controlled crypto market.
While the rules are stricter, they also provide much-needed clarity for investors and institutions, signaling that crypto is becoming a recognized part of the country's financial system.
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