Russia plans limited crypto access for retail investors, lawmaker says
A top Russian lawmaker says crypto “will be a common occurrence” in the country, with plans for a bill to deregulate the market for retail use.
Russia will reportedly move to open up crypto to retail investors, with a new bill set to soon be introduced to the country’s legislature.
Anatoly Aksakov, chair of the State Duma’s Financial Market Committee, said legislation is ready to be introduced that would remove cryptocurrencies from special financial regulation and place them under a general legal framework, with the aim of normalizing their use, the state-owned news agency TASS reported on Tuesday.
“A lot of attention will be paid to the development of digital financial assets, and we will devote a lot of time to cryptocurrencies in the upcoming spring session,” Aksakov said.