Russia Advances Crypto Regulation with June Vote on Comprehensive Framework
Russia is poised to bring clarity to its cryptocurrency market as Anatoly Aksakov, Chair of the State Duma Financial Markets Committee, confirms a vote on comprehensive digital asset regulations by June's end. The move signals a decisive shift from regulatory ambiguity to structured oversight, aligning crypto with traditional financial instruments.
The framework introduces trading caps for retail investors, stringent exchange licensing requirements, and centralized oversight by the Central Bank. Approved platforms will operate under transparency mandates, aiming to mitigate risks while modernizing Russia's financial ecosystem. "This isn't just regulation—it's legitimization," observes a Moscow-based fintech analyst, noting the potential to attract institutional capital once grey-area uncertainties fade.
