Chairman of the Russian State Duma Financial Market Committee: Cryptocurrencies are expected to become a daily-use tool for Russian residents

CoinWorld News reports that Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Markets, stated that a bill aimed at removing cryptocurrencies from the “special financial regulation” framework has been completed and prepared, which may promote cryptocurrencies to become a common phenomenon in the lives of Russian residents in the future. In an interview with Russian state television, Aksakov said that the State Duma will focus on discussing issues related to digital financial assets and cryptocurrencies during the upcoming spring session. According to the proposed bill, cryptocurrencies will no longer be considered as objects under special regulation, and their usage scenarios will become more normalized. He also pointed out that the bill allows non-professional investors to participate in the cryptocurrency market, but sets a cap: individuals cannot purchase more than 300,000 rubles worth of digital currency; professional financial market participants are not subject to this limit. Additionally, cryptocurrencies can be used for international settlements and, after being issued in Russia, can further enter the financial markets of other countries. (TASS)