Russia moves to narrow crypto trading to regulated intermediaries

Russia approved a draft crypto bill package that would push trading through licensed intermediaries and cap retail purchases at $3,700 annually.

Russia’s government has approved a package of draft bills that would channel domestic crypto trading through licensed intermediaries and sharply limit retail access.

The Finance Ministry said Monday that the government had approved a package of draft bills on the legalization of the circulation of digital currencies and digital rights in Russia.

“Under the new regulatory framework, transactions involving digital currency without regulated intermediaries are prohibited,” the ministry said. The package would tighten state oversight of digital assets while preserving limited access for non-qualified investors and broader access for qualified investors.

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