Why Russia’s New Crypto Bill Could Close Most Exchanges

Most cryptocurrency exchanges in Russia could shut down due to a new bill regulating digital assets.

The legislation, introduced last week in the State Duma, would ban cryptocurrency transactions without state-regulated intermediaries such as exchanges, brokers, and depositories, taking effect on July 1, 2027, The Caspian Post reports, citing The Moscow Times.

The bill also imposes strict limits on individual investors. Unqualified investors will be allowed to purchase no more than 300,000 rubles per year in cryptocurrency….