PANews February 25 News, according to foreign media reports, the Russian Central Bank and the Ministry of Finance jointly drafted the “Digital Currency and Digital Rights” bill, which is set to take effect from July. The bill permits only eight licensed domestic institutions, such as securities and commodities exchanges, to conduct cryptocurrency trading. Over-the-counter “crypto exchange operators” must register with the authorities and meet minimum capital and own funds requirements. The bill requires that exchange institutions with monthly trading volumes exceeding approximately 3.5 million rubles be regulated and introduces the concept of “address identification codes,” with transaction data shared with the Central Bank, tax authorities, and law enforcement agencies. For individual investors, trading is limited to crypto assets listed on regulated Russian platforms, and they must pass an annual verification test. The annual purchase limit is proposed to be 300,000 rubles (subject to adjustment). Investors who violate regulations by using unregistered overseas platforms may face fines in the future.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Florida Gov. Ron DeSantis Eyes State Stablecoin Framework Following Senate Passage
Florida's Senate unanimously passed Senate Bill 314, regulating stablecoins under its anti-money laundering laws and defining them as “monetary value.” Governor DeSantis is expected to sign the bill, aligning state oversight with federal guidelines.
Decrypt1h ago
Russia Considers Separate Stablecoin Law Amid Crypto Regulation Reforms
Key Insights
Russia separate stablecoin law may create clear legal status for fiat-pegged tokens within the national financial system.
Lawmakers may restrict trading on unlicensed crypto platforms under a broader exchange regulation bill.
A ruble-pegged stablecoin approved for trade highlights Ru
CryptoBreaking5h ago
Curve Finance accuses a decentralized trading platform of unauthorized use of its code
Curve Finance recently stated that a certain decentralized trading platform used its code without permission, violating open-source licenses, and emphasized that this action is illegal and unwise. Curve Finance proposed that legitimate use of its Stableswap functionality can be achieved through licensing or collaboration to ensure the safety of user funds.
GateNews7h ago
A certain CEX responds to U.S. Senator's anti-money laundering inquiry, claiming media reports are inaccurate.
A certain CEX recently responded to a U.S. senator's inquiry about anti-money laundering, stating that the allegations are false. The platform emphasized that it has established strict compliance and sanctions controls, prohibiting Iranian users. It also launched an internal investigation, delisted related entities, and helped law enforcement recover over $752 million in the past three years. Moving forward, it will continue to strengthen its compliance system.
GateNews8h ago
XRP Could Face Securities Classification Under New U.S. Crypto Framework, Says Cardano’s Hoskinson
Charles Hoskinson argues that under the revised CLARITY Act, tokens like XRP would qualify as securities, igniting his feud with the XRP community.
He called Ripple CEO Brad Garlinghouse out again, cautioning that having no laws is better than having a bad law.
Cardano founder Charles Hoskin
CryptoNewsFlash8h ago
Iran and North Korea are both using it! Stablecoins have become the preferred virtual asset for illegal transactions, with involved fraud totaling $51 billion.
According to the latest FATF report, stablecoins have become a primary funding tool for illegal transactions, especially in countries like North Korea and Iran. The report indicates that by 2025, stablecoins will account for 84% of illegal virtual asset trading volume, and calls for increased regulation of stablecoin issuers to prevent money laundering and other criminal activities. The global stablecoin market value has exceeded $300 billion, and regulators need to act quickly to close regulatory gaps.
区块客8h ago
