TechFlow news, January 14 — According to Russia's TASS news agency, Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, said on January 13 that a draft law has been prepared to remove cryptocurrencies from special financial regulation, aiming to normalize their use in the daily lives of Russian citizens.
Aksakov revealed that the development of digital financial assets will be a key topic during Russia's spring parliamentary session. Under the new bill, the cryptocurrency market will open to non-professional investors, though purchase amounts will be capped at 300,000 rubles. Professional financial market participants, however, will be able to operate in the cryptocurrency market without restrictions.
Furthermore, Aksakov emphasized that cryptocurrencies could be actively used for international settlements in the future and could be issued in Russia and then distributed in financial markets of other countries.
