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Russia has just passed a cryptocurrency regulation law, and cryptocurrencies are legally regarded as property.
The new law will come into effect this summer.
After the law is implemented, ordinary Russians can legally acquire and invest in cryptocurrencies through licensed intermediaries.
Businesses can also conduct cross-border trade settlements.
However, the use of cryptocurrencies for payments remains prohibited within Russia.
Additionally, the initial tradable currencies are limited,
currently only allowing cryptocurrencies with the highest liquidity, market capitalization, and at least five years of trading history to enter the market.
That is, only a few like BTC, ETH, and SOL are permitted.