Russia's First Comprehensive Crypto Law Is Two Votes Away From Passing
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Russia's first comprehensive crypto law is on the cusp of passing with just two votes remaining. The bill licenses exchanges, caps retail investors at approximately $3,800 annually, and enables Russian companies to pay foreign partners in crypto, circumventing Western sanctions. This move could significantly boost Russia's crypto adoption and potentially bypass international financial restrictions.
The bill licenses exchanges, caps retail investors at about $3,800 a year, and creates a legal pathway for Russian companies to pay foreign partners in crypto—bypassing Western sanctions.