🚨 Russia Moves Closer to Legalizing Crypto Trading Russia is getting closer to officially legalizing cryptocurrency trading. A Moscow-based exchange is reportedly in talks with brokerage firms to launch 24/7 spot crypto trading, while also testing crypto deposits and withdrawals. Notably, the new Russian bill requires any cryptocurrency listed on regulated platforms to meet strict standards: large market capitalization, strong liquidity for many years, and at least 5 years of trading history. Based on these criteria, only major cryptocurrencies such as $BTC, $ETH, $SOL, $BNB, $XRP, $ADA, $DOGE, $DOT, $LTC, $TRX, $AVAX, $LINK, $ATOM, $MATIC, $TON, $NEAR, $ETC, $XLM, $APT, $ARB are likely to qualify. This move comes shortly after the Russian parliament passed the first reading of a crypto regulation bill, which states that citizens will only be allowed to buy digital assets through licensed exchanges and regulated brokers. Russia appears to be preparing for a more tightly regulated — but also more institutionalized — crypto market than ever before. #WarshTakesFedHelm #MarketOverloadWeek