Russian State Duma official: Bill allowing cryptocurrencies to be exempt from special financial regulation is ready

PANews, January 14 – According to TASS, Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, stated that a bill aimed at removing cryptocurrencies from the special financial regulatory framework is ready. This bill will make cryptocurrencies a common payment tool in the daily lives of Russian citizens.

Aksakov pointed out that the bill will allow non-qualified investors to purchase cryptocurrencies, but the total amount that individuals can buy will be capped at 300,000 rubles; professional financial market participants will be able to operate in this market without restrictions. In addition, cryptocurrencies will be available for international settlements and, after being issued in Russia, can circulate in financial markets of other countries. He stated that the State Duma will focus on advancing legislation in the field of digital financial assets and cryptocurrencies during the upcoming spring session.