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Crypto in Russia ENDs this spring — State Duma prepares a bill to ban trading in USDT and Bitcoin
• All transactions through exchanges and swap services will be PROHIBITED;
• Crypto traders will only be allowed to trade under the supervision of the Russian Central Bank;
• Banks will no longer be able to process payments to foreign exchanges and swap services without approved intermediaries;
• Maximum turnover — 300,000 rubles per year per intermediary;
• A whitelist of cryptocurrencies will be introduced — only 5-10 coins will be approved;
• Violators will face CRIMINAL charges.
The bill will be submitted next week and passed this spring.