CoinDesk·3 min read·hard
Russia’s parliament passes crypto market law with $3,800 annual cap for retail investors
O
Olivier Acuna
✦AI Summary
Russia has passed a new law establishing a regulatory framework for cryptocurrency, including licensing for exchanges and a $3,800 annual investment cap for retail investors. The legislation aims to manage digital asset circulation while maintaining a ban on using crypto for domestic payments.
The law creates a legal framework for crypto exchanges, depositories and other digital asset providers, while setting rules for who can buy crypto and under what conditions, Russia’s state-owned news agency TASS reported Tuesday.
cryptobusinesseconomyworld
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in