Russia Legalizes Crypto for Trade, Caps Retail Investment at $3,800 Annually

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Russia's parliament has passed a new law formally regulating the country's cryptocurrency market. The legislation sets an annual investment cap of $3,800 for retail investors engaging with digital assets. Notably, the law permits Russian companies to use cryptocurrencies as a tool to circumvent international sanctions and trade restrictions. However, everyday use of Bitcoin and other digital currencies for routine consumer purchases remains prohibited under the new framework.

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