The Central Bank of Russia (CBR) and the Ministry of Finance have drafted the 'Digital Currency and Digital Rights Law' proposal, set to take effect on July 1. The draft aims to facilitate government agencies in accessing crypto wallet and transaction data while strengthening industry regulation. According to the proposal, only licensed exchanges can organize crypto trading, and exchangers must be officially registered and meet capital requirements. Non-qualified investors will need to pass a test, with a single investment limit potentially set at 300,000 rubles (around $3,300). Exchanges and exchangers will be required to disclose fund flows to the central bank, the Russian Financial Monitoring Service, and others. Using unauthorized foreign platforms not legalized in Russia may result in fines starting from 2027. (bitsmedia) http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57187