Bills on Cryptocurrency Market Regulation to Be Submitted to the State Duma Within Six Months

RBK-cryptoОпубліковано о 2025-12-30Востаннє оновлено о 2025-12-30

Анотація

Russian Finance Minister Anton Siluanov announced that cryptocurrency market regulation bills will be submitted to the State Duma in the first half of 2026. The Ministry of Finance supports allowing non-qualified investors to access the crypto market through Russian platforms, but with investment limits. The Central Bank's published concept permits such investors to purchase the "most liquid" cryptocurrencies after passing a test, with an annual limit of 300,000 rubles per intermediary. Siluanov emphasized the need for clear legislation to define permissible activities and participants, as crypto transactions are occurring without regulation. The Central Bank's proposals are under government review, and it plans to introduce penalties for illegal crypto intermediary activities starting July 1, 2027, similar to those for illegal banking. Access to the digital financial assets (DFA) market will also be simplified starting in 2026.

Finance Minister Anton Siluanov stated in an interview with "Russia 24" that bills regulating the cryptocurrency market will be submitted to the State Duma in the first half of 2026. According to him, the Ministry of Finance supports allowing non-qualified investors access to the cryptocurrency market through Russian platforms, but with limitations on the volume of such investments.

On December 23, the Bank of Russia published a concept for regulating the cryptocurrency and digital asset market, which, among other things, allowed "non-qualified" investors to purchase "the most liquid" cryptocurrencies, but only after passing a test and within a limit—no more than 300,000 rubles per year through a single intermediary.

Siluanov explained that transactions in cryptocurrencies are taking place, but there is no regulation, so this topic requires legislative definition: "what is allowed, what is not, and who can participate." All of this is defined in the legislative acts jointly prepared by the Ministry of Finance and the Central Bank, the minister added.

"I am confident that we will be able to submit these draft decisions to the State Duma in the first half of next year and will ask lawmakers to consider these draft legislative acts," said Siluanov.

The Central Bank's proposals on crypto regulation have already been submitted to the government for consideration. The regulator also plans to introduce liability for illegal activities of intermediaries in the cryptocurrency market, similar to liability for illegal banking activities, starting from July 1, 2027.

Access to the market of digital financial assets (DFAs) will also be simplified. Starting from 2026, the classification of DFAs available to qualified and non-qualified investors will change.

The Central Bank Decides to Make Budget Payments in Digital Rubles Without Commission for Everyone

How Cryptocurrency Mining in Russia Has Changed. Results of 2025

Recognition, Rise and Fall of Bitcoin. Top Events of the Cryptocurrency Market in 2025

Пов'язані матеріали

Within Strategy's Framework, STRC's Dividend Yield Remains at 12% as Share Price Stays Below Par Value

Michael Saylor, Executive Chairman of Strategy (MSTR), confirmed that the dividend rate for its STRC perpetual preferred shares will remain at 12.00% through August 2026. The rate has increased from 9% at its July 2025 launch to the current high via a "ratchet" mechanism, which permanently raises the rate by 0.5% whenever the share price falls below $95. This mechanism is intended to push the price back toward its $100 par value and support Strategy's "at-the-market" (ATM) program for issuing new shares to fund Bitcoin purchases. However, the mechanism has not worked as intended. STRC shares closed at $89.46 on July 31, remaining about 10-11% below par value despite the record-high dividend. Competition from rival Strive's higher-yielding SATA securities has pressured demand. The persistent discount has forced Strategy to suspend new STRC issuances via its ATM program, limiting this funding channel for Bitcoin acquisitions. STRC's struggles reflect Bitcoin's own volatility, as the preferred shares historically move in tandem. Analysts have warned the ratchet structure carries long-term, one-way risk. A law firm is investigating Strategy's ability to maintain dividend payments if Bitcoin's price stays low. Retail investors own roughly 83% of outstanding STRC shares, a group seen as prone to panic selling during downturns. In response, Strategy has established financial reserves, including a liquidity cushion covering about 26 months of dividend/interest obligations, and a $2 billion share buyback program alongside a Bitcoin monetization framework, though the company emphasized it is not obligated to sell any Bitcoin.

cryptonews.ru1 хв тому

Within Strategy's Framework, STRC's Dividend Yield Remains at 12% as Share Price Stays Below Par Value

cryptonews.ru1 хв тому

Analyst: Bitcoin's Price Will Drop to $60k in August, Then Rebound to $70k

Financial analyst Andrey Poroshin has provided a new forecast for Bitcoin's price dynamics in August. Poroshin, an analyst at the Bitbanker exchange, expects the cryptocurrency market to experience a downturn this month, with prices retesting the $60,000 level due to a lack of supportive macroeconomic catalysts. He noted that the recent US Federal Reserve decision to hold interest rates did not significantly impact the market, while inflation remains above the 2% target. Poroshin stated that Bitcoin is ending July under pressure from moderate volatility and a lack of new macroeconomic stimuli, leading to continued market caution. According to his base scenario, Bitcoin will drop to a range of $60,000 to $62,000 before recovering to $70,000. He pointed out that even $70,000 remains below the cost of mining in the US, which has prompted some miners to shift towards AI data center operations. Poroshin cited the winding down of BitMEX's operations as a potential catalyst for a price rebound, suggesting the exit of weaker players often coincides with market reversals and reduced short-term selling pressure. He believes Bitcoin is currently less susceptible to geopolitical shocks, such as the Iran-US conflict, and does not expect significant market changes in August related to the pending CLARITY Act. Looking ahead, Poroshin forecasts that September will bring more active price fluctuations driven by potential Fed rate decisions and possible discussions or approval of the CLARITY Act.

cryptonews.ru2 хв тому

Analyst: Bitcoin's Price Will Drop to $60k in August, Then Rebound to $70k

cryptonews.ru2 хв тому

Following the Coldcard Hack, One of the Largest Bitcoin Wallet Hacks Recently, a New Wave of Losses Begins! Losses Are Mounting

Following a major hack targeting Coldcard hardware wallets, losses have surged to approximately 1,367 BTC ($88.6 million) across 4,585 addresses. The third wave of attacks stole an additional 207.7 BTC, exhibiting different patterns from the first two. While initial attacks used shared deposit addresses and targeted P2WPKH wallets, the latest wave employed unique recipient addresses per victim and focused on P2WSH addresses. Analysis by Galaxy Research cannot definitively link all three waves to the same attacker, raising the possibility of a second actor exploiting the known vulnerability. The stolen funds, predominantly from wallets holding under 1 BTC, remain unspent. The vulnerable Coldcard firmware was released in March 2021, and all stolen coins originate from after that date.

cryptonews.ru1 год тому

Following the Coldcard Hack, One of the Largest Bitcoin Wallet Hacks Recently, a New Wave of Losses Begins! Losses Are Mounting

cryptonews.ru1 год тому

Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC

Trump Media & Technology Group has sold an additional 2,628 Bitcoin (worth approximately $165 million), continuing a series of sales over the past seven months. According to blockchain data from Arkham cited by Lookonchain, these latest transfers to Crypto.com bring the company's total reported Bitcoin sales to 7,281 BTC (worth about $545 million), reducing its holdings by 63%. The company's remaining Bitcoin holdings now stand at 4,261 BTC, valued at $269.8 million. Trump Media initially purchased 11,542 BTC at an average price of $118,522 before beginning the sales. This activity occurs amid broader scrutiny of crypto ventures linked to former President Donald Trump, as lawmakers debate the CLARITY Act, which focuses on ethics rules, digital asset ownership, and potential conflicts of interest for public officials.

cointelegraph1 год тому

Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC

cointelegraph1 год тому

In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

In Fujian's Jinjiang, a city known for sportswear, lies a quiet semiconductor giant: Fujian Jinhua Integrated Circuit Co. (JHICC). Once a promising domestic DRAM manufacturer alongside Yangtze Memory and ChangXin Memory Technologies (CXMT), its journey was derailed in 2018 when the U.S. placed it on an Entity List and filed criminal charges for alleged trade secret theft. This halted production for years. A turning point came in February 2024 when a U.S. federal court found JHICC not guilty. However, it had lost crucial time. While CXMT soared to become a top-valued A-share company in 2024, JHICC, with an estimated valuation of 80 billion RMB, was just restarting. Its current output is primarily customized DDR4 chips, not the advanced DDR5/HBM demanded for AI, but it still benefits from the broader memory chip upcycle. JHICC's story is tied to Chen Zhengkun, a veteran engineer who left Micron to lead the venture. Founded in 2016 with state-backed funding, JHICC partnered with Taiwan's UMC to develop DRAM technology. Rapid progress was cut short by the U.S. actions, which Micron initiated, partly due to its heavy reliance on the Chinese market. Post-sanctions, Chen's team worked to rebuild the production line with reduced reliance on U.S. technology. According to its records, JHICC achieved small-scale production and revenue growth under immense pressure. It now focuses on the stable "niche" DRAM market (e.g., TVs, routers) with a monthly capacity of ~40,000 wafers, aiming for 60,000 by 2026. It holds over 1,000 patents but remains on the Entity List. For Jinjiang, investing in JHICC was a bold industrial leap. The local government provided unwavering financial and logistical support during the crisis, helping the company survive. JHICC has become the anchor for a growing local semiconductor cluster. Though its scale lags behind domestic peers, JHICC's persistence symbolizes a hard-won foothold in a global market long dominated by Samsung, SK Hynix, and Micron. Having missed one boom, it seeks a place in the new AI-driven memory supercycle.

marsbit2 год тому

In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

marsbit2 год тому

Торгівля

Спот
活动图片