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Russia prepares for the use of Bitcoin and cryptocurrencies in everyday life
Russia prepares for the use of Bitcoin and cryptocurrencies in everyday life
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Crypto Prune > Regulation > Russia prepares for the use of Bitcoin and cryptocurrencies in everyday life
Regulation

Russia prepares for the use of Bitcoin and cryptocurrencies in everyday life

2 hours ago 2 Min Read

Russia is in the process of building a regulatory framework that will enable the eventual integration of Bitcoin (BTC) and cryptocurrencies into its economic and social system.

Chairman of the Financial Markets Committee of the State Duma, Anatoly Aksakov, reported that a bill is already being prepared aimed at removing cryptocurrencies from “special financial regulation.”

According to officials, the main purpose is The use of this technology has become commonplace in the daily life of Russian citizens.

Aksakov emphasized that the upcoming bill will focus on the development of digital financial assets. The project is expected to be the subject of extensive debate in the national parliament this spring, with proposals to make the market available to non-qualified investors.

However, for these retail users, A purchase limit of up to 300,000 rubles will be set for crypto assets. On the other hand, professionals in the financial sector can work without monetary restrictions.

The official also emphasized that the use of Bitcoin and other digital assets will become the basis for international payments. This regulation facilitates foreign trade by allowing these assets to be issued locally and placed in other countries’ financial markets.

Russia has been eyeing Bitcoin and its ecosystem for some time

This vision is in line with what was previously expressed by Finance Minister Anton Siluanov, who noted that international payments in cryptocurrencies represent the future of cross-border trade under an experimental regime, as reported by CriptoNoticias.

This legal progress comes against the backdrop of increasing institutional adoption within the country. At the end of 2025, Sberbank, a major Russian bank, granted the first Bitcoin-backed credit. This was to fund digital mining operations.

See also  Four new Bitcoin bills are being presented in the US

Similarly, since the end of 2024, President Vladimir Putin has ratified a law recognizing digital currencies as “property” for tax purposes. This claims that no one can ban Bitcoin, Its development is inevitable in order to reduce costs and increase the reliability of transactions.

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