Russia Plans Major Shift in Crypto Regulation
Russia is poised to redefine its cryptocurrency regulatory framework, with lawmakers finalizing a draft bill to remove digital assets from the 'special financial regulation' category. The MOVE aims to integrate crypto into mainstream financial activities, with the State Duma set to debate the proposal during its spring session. The legislation will encompass both cryptocurrencies and digital financial assets (DFAs), signaling a broader acceptance of digital currencies.
Retail investors will gain access to crypto markets under new safeguards, including a 300,000 ruble ($3,800) investment cap to mitigate risk. Qualified investors, however, face no such restrictions. The Bank of Russia and Finance Ministry have aligned on the proposal, marking a rare consensus between the central bank's cautious stance and the government's push for innovation.
