🤢Russia enables the digital ruble and legalizes cryptocurrency transactions

Moscow combines the development of its CBDC with broader regulation for operations involving digital assets.

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✔️Russian regulations set an annual limit of 300,000 rubles for retail investors in cryptocurrencies
✔️The new law establishes rules for exchanges, digital custodians, and other participants,
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Transactions with the digital ruble and the circulation of cryptocurrencies began to be governed by the new framework established in Russia starting September 1, according to First Deputy Prime Minister Mikhail Mishustin at the Moscow Financial Forum.🤡
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According to the Tass news agency, Mishustin stated in a speech at the Moscow Financial Forum that launching digital-ruble operations represents a step toward faster, more convenient, and independent payment infrastructure.
At the same time, he noted that the new legal framework legalized the circulation of cryptocurrencies in the country.

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