Russian parliament passes law regulating crypto market
CoinTelegraph·
60-second summary
The Russian parliament passes a law regulating the crypto market, establishing a framework for participants and moving it to President Vladimir Putin for signature. The legislation requires crypto exchanges to register with the central bank, imposes anti-money laundering and know-your-customer regulations, and introduces tax obligations for crypto transactions, which may attract investment to the market.
The State Duma legislation creates a regulated framework for crypto market participants and now moves to President Vladimir Putin for his signature before becoming law.