Chairman of the State Duma Financial Market Committee: Cryptocurrency is expected to become a tool for everyday use by Russian residents

According to Odaily, Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets of Russia, stated that a bill aimed at removing cryptocurrencies from the "special financial regulation" framework has been completed, and may in the future promote cryptocurrencies to become a common phenomenon in the daily lives of Russian residents.

In an interview with Russian state television, Aksakov said that the State Duma will focus on topics related to digital financial assets and cryptocurrencies during the upcoming spring session. According to the proposed bill, cryptocurrencies will no longer be regarded as objects of special regulation, and their use cases will become more normalized.

He also pointed out that the bill allows non-professional investors to participate in the cryptocurrency market, but sets an upper limit: individuals may not purchase digital currencies exceeding 300,000 rubles; professional financial market participants are not subject to this restriction. In addition, cryptocurrencies can be used for international settlements, and after being issued in Russia, can further enter the financial markets of other countries. (TASS)