TechFlow news: On January 29, according to DLNews, Anatoly Aksakov, Chairman of the State Duma’s Financial Markets Committee, recently announced that Russia will officially implement comprehensive cryptocurrency regulatory legislation on July 1, 2027. The regulation will permit both retail and institutional investors to purchase cryptocurrencies such as Bitcoin, but will impose an annual purchase cap of $4,000 for ordinary investors and require them to pass a qualification test. The Central Bank will determine the list of cryptocurrencies eligible for purchase by investors—expected to include mainstream coins such as Bitcoin and Ethereum. Unregistered exchanges will face fines or imprisonment.
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