Russia's Crypto Game-Changer: New Regulatory Framework Set for 2024 Launch

In the first half of 2024, Russia plans to introduce comprehensive cryptocurrency legislation, as announced by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. This move aims to regulate cryptocurrency mining and circulation in response to the sector's demand for a legal framework and willingness to pay taxes. The legislation is also expected to facilitate cross-border cryptocurrency transactions and explore digital currency use among BRICS nations. This significant development reflects Russia's efforts to integrate cryptocurrencies into its financial system and adapt to the evolving global digital asset landscape.