Chairman of the Financial Market Committee of the State Duma of Russia: Cryptocurrencies are expected to become a daily tool for Russian residents

The chairman of the Financial Market Committee of the State Duma of Russia, Anatoly Aksakov, stated that a bill aimed at removing cryptocurrencies from the "special financial regulation" framework has been prepared, which may promote the common occurrence of cryptocurrencies in the lives of Russian residents in the future.

Aksakov mentioned in an interview with Russian state television that the State Duma will focus on issues related to digital financial assets and cryptocurrencies during the upcoming spring session. According to the proposed bill, cryptocurrencies will no longer be regarded as special regulatory objects, and their use cases will become more normalized.

He also pointed out that the bill allows non-professional investors to participate in the cryptocurrency market but sets a limit, stating that the amount an individual can purchase in digital currency must not exceed 300,000 rubles; professional market participants are not subject to this restriction. In addition, cryptocurrencies can be used for international settlements and, after being issued in Russia, can further enter the financial markets of other countries.