BusinessRussia Advances Crypto Law with State-Controlled Framework
Russia's State Duma has advanced a crypto regulation bill establishing a formal legal framework for digital assets, emphasizing state oversight, licensing, and controlled use in cross-border payments while restricting domestic crypto payments. The law aims to regulate trading, mining, and market infrastructure amid global regulatory divergence, contrasting with the EU's MiCA and the US's stablecoin focus. This move highlights growing geopolitical and compliance challenges in crypto markets.
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