Regulation· ★★★★· bearish·

Russia's Central Bank Proposes Including Crypto Holdings in Bank Statements

  • —Bank statements on accounts and deposits would include crypto and digital financial assets
  • —The digital currency law took effect September 1: trading is legal, domestic payments are not
  • —Non-qualified investors are capped at under $4,000 per intermediary per year
  • —Russian residents' crypto holdings are estimated at about $44 billion
Why it matters: Russia is folding crypto into bank and tax reporting, tightening oversight of holders and pushing activity onto licensed platforms.
Source: Digital Today
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