Deep Tide TechFlow News: On May 21, according to TASS, Ivan Chebeskov, Deputy Finance Minister of Russia, said that the Ministry of Finance is working with the Central Bank of Russia to refine the cryptocurrency market regulation bill, which is expected to be completed for submission to the State Duma before the second reading at the beginning of next week. Under the regulatory framework previously proposed by the Central Bank of Russia, digital currencies and stablecoins will be recognized as monetary value, allowing them to be bought and sold, but they may not be used as a payment instrument within the country. After non-qualified investors pass a test, they may purchase, through a single intermediary, highly liquid cryptocurrencies of up to 300,000 rubles per year.

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