🚨 🇷🇺 Russia has its own crypto rulebook now, signed weeks ago by Putin.
The law sets up licensing for exchanges, brokers, and custodians, with the Bank of Russia overseeing everything. It's not the free-for-all it sounds like though — retail investors are capped at about $3,700 a year in crypto purchases, banks can block crypto transactions, and paying for goods with crypto inside Russia is still banned.
So while Washington's CLARITY Act just failed, Moscow already has its own version of crypto rules on the books.
$BTC $ETH $MUBARAK
The law sets up licensing for exchanges, brokers, and custodians, with the Bank of Russia overseeing everything. It's not the free-for-all it sounds like though — retail investors are capped at about $3,700 a year in crypto purchases, banks can block crypto transactions, and paying for goods with crypto inside Russia is still banned.
So while Washington's CLARITY Act just failed, Moscow already has its own version of crypto rules on the books.
$BTC $ETH $MUBARAK
