Russia Unveils New Crypto Regulations with Trade Restrictions

The Russian government is poised to introduce a new regulatory framework for cryptocurrencies, which will impact trading volumes and market dynamics. According to sources close to the matter, the new regulations will target tokens issued by Western companies that can be frozen at the request of foreign authorities.

Under the proposed bill, Russian citizens without qualified-investor status will only be allowed to trade a limited selection of cryptocurrencies, including Bitcoin, Ethereum, and USDT. Dollar-backed stablecoins like USDC and BNB are not included in this list due to their high-risk profile.