According to Bit Media, the Financial Market Committee of the Russian State Duma has approved the final version of the cryptocurrency regulation bill, which will proceed to the second reading. The revised draft removes the previous requirement to mandatorily declare cryptocurrency wallet addresses, and instead only requires declaring balances and transaction flows, aiming to reduce the risk of sensitive information leakage. In addition, the bill adds provisions allowing the legal use of cryptocurrencies to purchase stocks and Russian digital financial assets (CFA), and plans to allow regulated Russian brokers and asset managers to trade through qualified overseas trading platforms in the future. For non-professional investors, the draft sets an annual transaction limit of 300k rubles and restricts trading to only "high-liquidity" cryptocurrencies through a single intermediary. The bill also introduces a mandatory requirement: a 48-hour freeze for large transfers to overseas or third parties.

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