The Russian State Duma Financial Markets Commission recommended the rejection of amendments to liberalize encryption regulations

The Russian State Duma Financial Markets Commission recommended the rejection of a number of amendments to liberalization of encryption, including raising the annual purchase ceiling for non-professional investors from 300,000 to 600,000 roubles, expanding the range of tradable currency and allowing the use of non-trust wallets. The Government version continues to require the digital storage authority to review and freeze transactions on a case-by-case basis, and it is expected that only a few large currencies of encrypted assets will be available for bulk trading。