There are new developments. Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Market, hinted that a new cryptocurrency bill is ready and will be discussed at the spring session, aiming to bring cryptocurrencies out of the underground and into the sunlight.
It sounds quite aggressive, but there are conditions. Ordinary investors can participate, but with a limit—up to 300,000 rubles. Professional players, as long as their income and knowledge levels meet the requirements, can trade freely without restrictions.
Why now? It's a long story. Currently, cryptocurrencies in Russia are still considered property and used for payments that are banned. But in reality, many Russians and companies have been using them for international transfers, especially after the events of 2022, and this trend has intensified.
However, new problems have also emerged. Anton Gorelkin, Chairman of the Duma Technical Committee, is pushing for new regulations to close loopholes exploited by scammers using neighboring country exchanges. It seems that while opening up, they still need to be cautious.
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HashRatePhilosopher
· 15h ago
Russia is planning to loosen up, but the retail limit of 300,000 rubles is really a bit tight.
Legalization is the trend, but this approach still feels a bit disconnected, like wanting to have your cake and eat it too.
A reliable measure, but more effort really needs to be put into anti-fraud.
Let's wait and see the spring meeting; this time, it's finally going to be serious.
To be honest, after banning for a few years, they are now moving towards regulation, and in the end, the cost is still borne by the users.
Russia's move is a bit late; the EU has already implemented MiCA.
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MetaverseVagrant
· 15h ago
Russia is being forced, isn't it? Instead of blocking, it's better to loosen up.
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GateUser-e19e9c10
· 16h ago
Russia is really playing the balancing act here. Retail investors risk thirty thousand yuan to hold on, while big players can come and go as they please. The disparity in treatment is really obvious.
Standardization is the trend, but when it comes to anti-fraud measures, there are still many loopholes.
Exchanging 30,000 rubles for USD isn't much; ordinary people simply can't play around with it.
Opening up while cracking down—this combination punch is interesting.
It seems that sanctions over the past two years have really created new demands. Moving from underground to the mainstream was only a matter of time.
If this really materializes, European regulatory agencies will be jealous again.
There are new developments. Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Market, hinted that a new cryptocurrency bill is ready and will be discussed at the spring session, aiming to bring cryptocurrencies out of the underground and into the sunlight.
It sounds quite aggressive, but there are conditions. Ordinary investors can participate, but with a limit—up to 300,000 rubles. Professional players, as long as their income and knowledge levels meet the requirements, can trade freely without restrictions.
Why now? It's a long story. Currently, cryptocurrencies in Russia are still considered property and used for payments that are banned. But in reality, many Russians and companies have been using them for international transfers, especially after the events of 2022, and this trend has intensified.
However, new problems have also emerged. Anton Gorelkin, Chairman of the Duma Technical Committee, is pushing for new regulations to close loopholes exploited by scammers using neighboring country exchanges. It seems that while opening up, they still need to be cautious.