Russia Approves Final Draft Crypto Bill to Recognize Cryptocurrency as Legal Property

Russia’s State Duma Financial Market Committee has approved the final draft of a crypto bill that would recognize cryptocurrency as legal property. According to NS3.AI, the bill would allow foreign-trade companies to use cryptocurrency for payments and would introduce penalties for unlicensed crypto services. The draft also sets limits on individual participation, capping annual investments at 300,000 rubles. It would restrict eligible assets for individuals to Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC).