PANews February 25 News, according to foreign media reports, the Russian Central Bank and the Ministry of Finance jointly drafted the “Digital Currency and Digital Rights” bill, which is set to take effect from July. The bill permits only eight licensed domestic institutions, such as securities and commodities exchanges, to conduct cryptocurrency trading. Over-the-counter “crypto exchange operators” must register with the authorities and meet minimum capital and own funds requirements. The bill requires that exchange institutions with monthly trading volumes exceeding approximately 3.5 million rubles be regulated and introduces the concept of “address identification codes,” with transaction data shared with the Central Bank, tax authorities, and law enforcement agencies. For individual investors, trading is limited to crypto assets listed on regulated Russian platforms, and they must pass an annual verification test. The annual purchase limit is proposed to be 300,000 rubles (subject to adjustment). Investors who violate regulations by using unregistered overseas platforms may face fines in the future.
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