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🇷🇺BREAKING: RUSSIA'S PARLIAMENT JUST PASSED ITS FIRST COMPREHENSIVE CRYPTO LAW.
Sets up licensing for exchanges, brokers, and custodians. Only Putin's signature stands between this and taking effect.
Retail cap: 300,000 rubles a year. Qualified investors: 3 million, no cap on foreign transfers under 1 million.
Only Bitcoin and Ethereum currently qualify under the asset rules. Domestic payments stay banned, this is built purely for cross-border trade.
A sanctioned economy just built itself a legal crypto rail specifically to move money the traditional banking system won't touch anymore.