Duma expert says Russia's 282-FZ regulates bitcoin like a stock
- —282-FZ splits assets into tokenized financial assets with an issuer and digital currency with no obligor
- —Listing criteria and investor testing are borrowed from securities-market practice
- —The securities model fits tokenized financial assets but not bitcoin or ether, which have no issuer risk
- —The expert favors functional token classification along the lines of the EU's MiCA
Why it matters: How workable the borrowed model proves will shape Russia's public crypto trading regime and whether it needs to be revised.
Source: BeInCrypto RU