The Russian State Duma's Financial Markets Committee has recommended rejecting amendments aimed at easing cryptocurrency trading restrictions. The proposed changes, which are set for a crucial second reading, included increasing the annual purchase limit for non-professional investors from 300,000 rubles to 600,000 rubles through a single intermediary. The committee also opposed expanding the list of tradable cryptocurrencies beyond a few, such as Bitcoin and Ethereum.
Additional rejected amendments included allowing the use of non-custodial wallets, removing the requirement for digital depository institutions to consent to transactions, and mandating insurance for risks like hacking. The final version of the bill retains the authority for depository institutions to inspect and freeze transactions. Originally scheduled for approval by July 1, the bill's passage has been delayed to September 1, with the committee chairman indicating that penalty provisions will not be approved before September.
Russian Duma Committee Rejects Amendments to Ease Crypto Restrictions
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