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Russia just created five new categories of licensed crypto companies in a single law.
The State Duma passed a bill giving crypto holdings judicial protection in bankruptcy and divorce proceedings, while creating licensed exchanges, brokers, and custodians under central bank supervision. Domestic payments in crypto stay banned, with new fines for violations.
The law takes effect September 1, the same day Russia's own digital currency begins its rollout.
Read the full story on UseTheBitcoin: