Russia Approves Comprehensive Crypto Law, Tightens Oversight of Exchanges and Investors

Russia has approved its first comprehensive cryptocurrency regulatory framework, a landmark move aimed at pulling the fast-growing digital asset market into the legal mainstream while tightening oversight of exchanges, custodians, and related service providers.

According to CoinDesk, Russia’s State Duma passed the sweeping bill, with most provisions set to take effect on Sept. 1. The state-run news agency TASS reported Tuesday ET that the law establishes formal rules for cryptocurrency exchanges, depositaries, and other digital asset service providers, while also defining who may buy…  Read more

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