Russian State Duma to Review Cryptocurrency Bill

The Russian State Duma will hold a second and third reading vote on a bill regulating the cryptocurrency market on July 21. The bill, introduced by Anatoly Aksakov, chairman of the Financial Market Committee, aims to establish a legal framework for the legitimate use of cryptocurrencies in Russia and to combat related fraud and illegal activities. According to the regulatory concept proposed by the Central Bank of Russia, ordinary investors will be able to purchase high-liquidity crypto assets determined by legislation after passing a test, but the annual purchase limit will not exceed 300,000 rubles per intermediary.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.