Chairman of the Russian State Duma Financial Markets Committee: A bill to exempt cryptocurrencies from special financial regulations is ready

According to Foresight News, according to the TASS news agency, Anatoly Aksakov, chairman of the Russian State Duma Financial Markets Committee, said that preparations for a bill aimed at moving cryptocurrencies out of the "special financial supervision" framework have been completed, and may promote cryptocurrencies to become a common phenomenon in the lives of Russian residents in the future.

Aksakov said in an interview with Russian state television that the State Duma will focus on issues related to digital financial assets and cryptocurrency during the upcoming spring session. According to the proposed bill, cryptocurrencies will no longer be regarded as special regulatory objects, and their use scenarios will become more normalized. He also pointed out that the bill allows non-professional investors to participate in the cryptocurrency market, but sets an upper limit. The amount of individual digital currency purchases shall not exceed 300,000 rubles; professional financial market participants are not subject to this restriction. In addition, cryptocurrencies can also be used for international settlements and can further enter the financial markets of other countries after being issued in Russia.

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