According to Bits Media, the Russian State Duma has passed the first reading of the "Digital Currency and Digital Rights Bill" proposed by the government and its related amendments.


The document tightens the requirements for cryptocurrency circulation, stipulating that transactions can only be conducted through licensed intermediary institutions (such as brokers, trustees, and authorized exchanges), and related rights must be recorded in a dedicated digital repository.
The bill introduces investor categories: non-professional investors are expected to have a limit of 300k rubles per year for purchasing highly liquid digital currencies through a single intermediary; professional investors, on the other hand, are not subject to trading volume restrictions.
Additionally, the bill will prohibit banks from transferring funds to foreign or unauthorized cryptocurrency platforms without a licensed Russian intermediary, and residents must report offshore cryptocurrency transactions to tax authorities.
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