The State Duma in Russia is approaching the final stages of passing its first full cryptocurrency law, with just two votes left before it becomes official.
The legislation aims to regulate the crypto market by establishing clear rules for trading, mining, and custody services across the country. Experts note that the law will provide a framework for legal crypto operations, potentially increasing investor confidence and compliance.
Among the key provisions are requirements for crypto exchanges to register with the government, and rules governing initial coin offerings and digital asset circulation. The bill is also intended to clarify tax obligations for crypto activities.
Market data shows fluctuating prices across major coins such as Bitcoin at $65,311 with a 1.27% gain and Ethereum at $1,903 rising 2.00%. These shifts underline the global volatility as regulatory frameworks develop.
The upcoming votes will be critical for Russia’s crypto sector, as passing this law could impact local and international participation in digital asset markets operating in the region.
