Russia Eyes New Path for Retail Crypto Investment, Lawmaker States

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Russia is reportedly preparing to grant retail investors limited access to the cryptocurrency market. A new bill is expected to be introduced to the country’s legislature in the near future, according to recent statements.

Anatoly Aksakov, who chairs the State Duma’s Financial Market Committee, stated that legislation has been drafted to remove cryptocurrencies from a special regulatory category. He told the state-owned TASS news agency on Tuesday that the goal is to place them under a general legal framework to normalize their use.

Aksakov emphasized that the upcoming spring parliamentary session will focus significantly on digital financial assets. He provided further details on the proposed legislative shift during his remarks.

The prepared bill, he added, is designed to make cryptocurrencies a common part of the financial landscape. This initiative aligns with a recent policy proposal from the Bank of Russia, which in December suggested allowing non-qualified investors to purchase certain assets like Bitcoin and Ethereum, marking a reversal from its earlier stance favoring a complete ban.