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Cover image for Russia to Roll Out Bitcoin and Crypto Framework This July, Allowing Retail Participation

Russia to Roll Out Bitcoin and Crypto Framework This July, Allowing Retail Participation

Bitcoin Magazine Russia to Roll Out Bitcoin and Crypto Framework This July, Allowing Retail Participation Russia is preparing to introduce its first comprehensive regulatory framework for crypto like Bitcoin, with lawmakers aiming to finalize the draft for a parliamentary vote by the end of June, according to local media reports. Anatoly Aksakov, head of the State Duma Committee on the Financial Market, said that the long-anticipated rules could be approved as early as this summer. If passed, the framework would formally take effect one year later, opening regulated bitcoin and crypto trading to both qualified and non-qualified investors beginning July 1, 2027. Under the proposed regime, retail investors would be allowed to participate in the crypto market, though with significant restrictions. State news agency TASS previously reported that non-qualified traders would be capped at annual purchases of 300,000 rubles (roughly $3,900) and would only be permitted to buy a limited set of what regulators deem the “most liquid” cryptocurrencies. Professional and qualified investors, by contrast, would be allowed to trade cryptocurrencies in unlimited amounts, with the exception of privacy-focused tokens such as Monero and Zcash. Russian authorities have repeatedly cited concerns over anonymity and compliance with anti-money laundering standards as the rationale for excluding such assets. ‘Bitcoin will definitely be included’ Alexandra Fedotova, a lawyer at Moscow-based firm White Stone, said the Central Bank of Russia is expected to compile a shortlist of approved cryptocurrencies for retail trading. “Most likely, the Central Bank will compile a list of the top five to ten most traded cryptocurrencies on major exchanges,” Fedotova said in comments reported by local media. “Bitcoin and ether will definitely be included. Possibly SOL or TON will be added, given their popularity in our country. Everything else will be only for qualified investors.” The framework would also permit Russian residents to purchase bitcoin abroad using foreign accounts and transfer those assets back to domestic platforms, provided the transactions are reported to tax authorities. Stablecoins are expected to receive separate treatment under the law. Fedotova said regulators are likely to classify dollar-pegged tokens as instruments for cross-border economic activity, potentially clarifying their legal use in international settlements while maintaining existing domestic restrictions. Beyond trading, the draft legislation seeks to establish formal rules governing the issuance, bitcoin and crypto mining, and circulation of digital assets. At the same time, it would reaffirm Russia’s long-standing ban on using cryptocurrencies for domestic payments, a position the central bank has consistently defended despite gradually softening its stance on crypto trading. Aksakov said additional legislation is planned to define enforcement measures, including administrative, financial, and potentially criminal liability for illegal activity in the crypto sector. Penalties for unlawful operations by intermediaries are expected to mirror those applied to illegal banking activity. Existing licensed exchanges and brokers would be allowed to continue operating under the new regime, while platforms and custodial services currently operating in a legal gray area would be required to obtain new licenses tailored to their specific activities. This post Russia to Roll Out Bitcoin and Crypto Framework This July, Allowing Retail Participation first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Cover image for Trump Names Bitcoin-Friendly Kevin Warsh as Pick for Federal Reserve Chair

Trump Names Bitcoin-Friendly Kevin Warsh as Pick for Federal Reserve Chair

Bitcoin Magazine Trump Names Bitcoin-Friendly Kevin Warsh as Pick for Federal Reserve Chair President Donald Trump on Friday announced Kevin Warsh as his nominee to serve as chairman of the Federal Reserve, confirming speculation that intensified overnight as prediction markets sharply shifted in Warsh’s favor. “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM,” Trump wrote in a post on Truth Social, praising Warsh’s background in monetary policy, finance, and government service. Trump added that Warsh would go down as “one of the GREAT Fed Chairmen, maybe the best.” Warsh, 55, previously served as a member of the Federal Reserve’s Board of Governors from 2006 to 2011 under Presidents George W. Bush and Barack Obama, becoming the youngest Fed governor in history at age 35. He also acted as the Fed’s representative to the G-20 and oversaw internal operations as an administrative governor. Currently, Warsh is a Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and a lecturer at Stanford Graduate School of Business. He is also a partner at Duquesne Family Office, working alongside billionaire investor Stanley Druckenmiller. By the time of the announcement, Polymarket traders priced Warsh’s likelihood of being selected at roughly 95% late Thursday, up from about 39% earlier in the day, while Kalshi markets showed similar probabilities after Trump confirmed he would announce his decision Friday morning. If confirmed by the Senate, Kevin Warsh would replace current Fed Chair Jerome Powell, whose term is set to expire in May. The nomination ends weeks of speculation, during which Trump’s shortlist was widely believed to include National Economic Council Director Kevin Hassett, current Fed Governor Christopher Waller, and BlackRock fixed-income chief Rick Rieder. Kevin Warsh’s bitcoin and crypto views Warsh’s nomination is drawing particular attention from digital asset markets due to his relatively crypto-friendly public comments. Speaking at the Hoover Institution’s “Inflation Is a Choice” event last July, Warsh rejected the idea that bitcoin threatens the Federal Reserve’s control over monetary policy. “Bitcoin doesn’t trouble me,” Warsh said at the time. “I think of it as an important asset that can help inform policymakers when they’re doing things right and wrong. It is not a substitute for the dollar, but it can be a very good policeman for policy.” President Trump's next FED Chair pick, Kevin Warsh on Bitcoin: “I think of it as an important asset that can help inform policymakers when they are doing things right and wrong.” “It can be a very good policeman for policy.” “It's the newest and coolest software that will… pic.twitter.com/g9GS358rfg — Bitcoin Magazine (@BitcoinMagazine) January 30, 2026 He has also described bitcoin as a generational alternative to gold, remarking that “if bitcoin never existed, gold would be rallying even more right now,” while suggesting younger investors increasingly view bitcoin as “the new gold.” Kevin Warsh has indirect ties to the crypto industry through early investments in the algorithmic stablecoin project Basis and advisory roles with crypto index manager Bitwise. However, his views remain nuanced; he has previously expressed openness to central bank digital currency frameworks — a position that contrasts with Trump’s firm opposition to a U.S. CBDC. President Trump's next FED Chair pick, Kevin Warsh: “If you’re under 40, Bitcoin is your new gold.” pic.twitter.com/xngj4FFNxd — Bitcoin Magazine (@BitcoinMagazine) January 30, 2026 Despite his openness to bitcoin, Kevin Warsh is widely regarded as a monetary policy hawk. During his previous tenure at the Fed, he consistently emphasized inflation risks, even during periods of economic stress. Bloomberg Chief U.S. Economist Anna Wong recently summarized the view bluntly: “If Trump wants someone easy on inflation, he got the wrong guy in Kevin Warsh.” This post Trump Names Bitcoin-Friendly Kevin Warsh as Pick for Federal Reserve Chair first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Cover image for Success Story: Stacks x DoraHacks

Success Story: Stacks x DoraHacks

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