Instead of banning cryptocurrencies, Russia chose regulation. The move reflects global acceptance that cryptoassets are here to stay and oversight beats prohibition.
Licensed exchanges can now operate legally in Russia. Institutional investors gain regulated access. Domestic platforms compete to capture this newly legal market.
Russia joins Singapore, Dubai, UK, and others moving toward legalization. Combined with US Clarity Act and SEC framework work, regulation is becoming the global default.
Regulators recognize crypto isn't going away. Domestic regulation captures trading activity and tax revenue that otherwise would happen offshore.
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