Russia has approved a cryptocurrency framework bill in its first reading, taking a major step toward legalizing and regulating digital assets

🏦 The Central Bank of Russia will act as the main regulator, with full authority to:

• Issue licenses

• Approve or block transactions

• Oversee the crypto market

📊 The bill also covers key sectors:

• Exchanges

• Brokers

• Banks

• Custody services

💡 Simple Insight:

Russia is moving toward structured crypto regulation, which could bring more control and stability to its market.

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