tldr; Russia’s central bank has proposed a comprehensive regulatory framework to recognize cryptocurrencies and stablecoins as ‘currency assets.’ The plan allows both qualified and non-qualified investors to access crypto under specific rules, including annual purchase caps for non-professionals. While crypto payments in domestic transactions remain banned, the framework permits buying, selling, and holding crypto assets. The regulations aim to expand investor access while maintaining oversight, with implementation expected by 2026-2027.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
PanicStil on
Crypto was always the choice of currency for criminals.
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tldr; Russia’s central bank has proposed a comprehensive regulatory framework to recognize cryptocurrencies and stablecoins as ‘currency assets.’ The plan allows both qualified and non-qualified investors to access crypto under specific rules, including annual purchase caps for non-professionals. While crypto payments in domestic transactions remain banned, the framework permits buying, selling, and holding crypto assets. The regulations aim to expand investor access while maintaining oversight, with implementation expected by 2026-2027.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Crypto was always the choice of currency for criminals.