Russia’s parliament passes crypto market law with $3,800 annual cap for retail investors

60-second summary

Russia's parliament has passed a crypto market law, introducing a $3,800 annual cap for retail investors, allowing them to participate in the market. Companies can now use digital tokens to bypass sanctions and global trade hurdles, marking a significant shift in Russia's stance on cryptocurrencies. This move will likely increase adoption and usage of digital tokens in Russia's economy.