Chairman of the Russian Financial Market Committee: The bill allowing cryptocurrencies to be exempt from special financial regulation has been completed and is ready

Techub News reports, according to TASS, that Anatoly Aksakov, Chairman of the Financial Market Committee of the Russian State Duma, stated that the bill aimed at removing cryptocurrencies from the “special financial regulation” framework has been completed and may promote the adoption of cryptocurrencies in the daily lives of Russian residents in the future. Aksakov said in an interview with Russian national television 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 of special regulation, and their use cases will become more normalized. He also pointed out that the bill allows non-professional investors to participate in the cryptocurrency market, but sets a limit: individuals cannot purchase more than 300,000 rubles worth of digital currency, while professional financial market participants are not subject to this restriction. Additionally, cryptocurrencies can be used for international settlements and, after being issued in Russia, can further enter the financial markets of other countries.