According to Izvestia, Russia is advancing a cryptocurrency regulation bill that proposes to impose additional restrictions on non-qualified investors purchasing cryptocurrencies considered "high risk / unfriendly" by Russia, such as USDT, USDC, and BNB. The report states that because these assets are affected by Western jurisdictions and some platforms have previously restricted Russian users, there is a risk of asset freezing. Russia is considering strengthening investor protection through mechanisms such as additional fees, stricter trading or withdrawal restrictions, and investment advice. Previously, a draft bill was proposed that would allow non-qualified investors to purchase the top five cryptocurrencies by market value, currently including BTC, ETH, USDT, BNB, and USDC, with an investment cap of 300k rubles per year through a single intermediary (approximately $4,000).

USDC0.02%
BNB-2.08%
BTC-2.52%
ETH-2.1%
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ToBeHonest,You'llLose
· 15h ago
This operation feels a bit familiar, protecting investors or protecting the ruble?
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DrawTheCandlestickChartIn
· 15h ago
300k ruble cap, so everyone is just buying some BTC and ETH as toys, while USDT and USDC are directly labeled as unfriendly tags. Western sanctions have backfired on the crypto market.
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ForkMoment
· 15h ago
Got it. Qualified investors can play around freely, while ordinary people can only buy “‘patriot coins.’” Now that this tiered system is laid out, you’ve got the gist of how it works.
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