🔥BREAKING- The Russian State Duma has passed a significant cryptocurrency regulation bill (the "On Digital Currency and Digital Rights" act) in its first reading, aiming for implementation by July 1, 2026.
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This legislation formally recognizes crypto as taxable property, authorizes cross-border settlements, and empowers the Central Bank to license exchanges while curbing retail investments through strict limits.
This legislation moves Russia away from its previous "legal grey area" by establishing a formal framework for cryptocurrency recognition, though it remains highly restrictive for everyday users.