Russia’s State Duma advanced a sweeping bill to regulate digital currencies, marking a major step toward formal oversight of the country’s crypto market.
The U.S. Treasury sanctioned a Russian network for buying stolen government cyber tools with crypto and reselling them, the first action under the Protecting American Intellectual Property Act.
Russia wants to introduce its first regulatory framework for crypto like Bitcoin, with lawmakers aiming to finalize the draft for a parliamentary vote by the end of June.
Russia is preparing a bill to allow everyday investors limited access to cryptocurrency, normalizing its use while capping retail participation at roughly $3,800.
Russia’s central bank has proposed new rules that would allow retail investors limited access to cryptocurrencies while granting professional investors broader rights.
