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Russia Opens Up to Crypto with New Digital Currency Law

Guavy AI Editorial Team
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Russia's new digital currency law is set to take effect on September 1, expanding access to Bitcoin and other digital assets for non-professional investors.

The legislation also creates a formal regulatory framework for some crypto transactions while permanently banning others.

The move is expected to facilitate domestic adoption of cryptocurrencies in Russia, potentially leading to $40 billion in regulated trade within the next year.

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