🚨 BULLISH MOVE 🚀 Russia finalizes Draft Bill to Legalize Crypto Trading 🔥

Russia government has recently finalized a draft bill to legalize cryptocurrency trading, as announced by Anatoly Aksakov, chairman of the State Duma's Financial Markets Committee. This bill will be set for parliament consideration in coming weeks and full implementation around middle of this year.

Note, this bill is not yet a law in Russia but a relief to Russian government long-term policy stance on crypto.

Below are few provisions that this drafted bill will be addressing.

1. Removing crypto from "special financial regulation": This move will treats cryptocurrencies more like standard investment assets under ordinary financial and civil law.

2. Tiered access for investors: Once implemented qualified or professional investors (those meeting income, knowledge, or experience criteria) can trade without major limits while non-qualified or retail investors trade with little limitations.

3. Focus on international use: Facilitates cross-border settlements, foreign trade payments, and potentially overseas placement of Russian issued tokens.

Overall, this new development is broadly positive and bullish for the global crypto industry.