Will Russia Legalize Cryptocurrency Trading for Its Citizens?

Amidst the prevalence of cryptocurrency ownership in Russia, lawmakers are pushing for a regulatory framework that would legitimize trading activity and potentially curb the shadow market. MPs like Anton Tkachev, Yaroslav Samylin, and Georgy Arapov have urged regulators to establish licensed crypto exchanges with capital requirements and compliance standards. They believe this could significantly shrink the black market, protect investors from scams, and restore confidence in financial institutions.