#RussiaDumaCryptoMonitoringBill

$BILL

​Russia’s Proposed Crypto Framework

​Russia’s State Duma is advancing a new crypto monitoring bill to regulate the domestic market and navigate international sanctions.

​Key Provisions:

​Legal Recognition: Cryptocurrencies will gain official legal status.

​Strict Oversight: The Government and Central Bank will monitor all transactions.

​Licensing Mandate: Crypto exchanges and brokers must obtain official licenses.

​Enforcement: Unregistered or illegal crypto activities will face strict penalties.

​Dual-Approach Market: Crypto will be permitted for international payments while maintaining tight domestic control.

​Objective: Regulate the crypto market, curb illicit trading, and manage financial flows under global sanctions.

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