The Russian Ministry of Finance and the Central Bank are reportedly developing a framework for controlled cryptocurrency trading specifically for high-net-worth investors. The aim is to introduce regulations that ensure secure crypto trading within the country, as Russia currently lacks comprehensive legislation in this area. The initiative is part of broader efforts by the Russian government to regulate the crypto industry, including allowing traditional stock exchanges to facilitate digital asset trading in the future. The government has also implemented a taxation system for digital assets, with tax rates ranging from 13% to 15% based on income.



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