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Russia's parliament votes today on a bill that could open a $240 billion trade channel outside the banking system it's currently locked out of.
The bill treats crypto as property, not money, letting licensed exchanges operate under central bank supervision while the ruble stays the only legal currency for domestic payments. Retail investors face a roughly $3,800 annual cap.
The real target isn't retail traders at all. It's Russian exporters and importers who've been cut off from correspondent banking since 2022.
Read the full story on UseTheBitcoin: