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Breaking: Russia beats the US to it. 🇷🇺 Putin has officially signed Russia's first comprehensive cryptocurrency regulatory law. Key points: • Ordinary investors can buy cryptocurrency through licensed institutions (up to about $3,700 per year) • Qualified investors have no limit • Exchanges must be licensed, meet capital requirements, and be regulated • Cryptocurrency payments are still banned domestically in Russia but allowed for cross-border settlements • Main provisions will take effect on September 1, 2026. My view: This is not Russia embracing Crypto, but rather starting to recognize Crypto as an asset, not a currency. What’s really worth noting is the last point—allowing cross-border settlements. Against the backdrop of US dollar settlements increasingly affected by geopolitical factors, cryptocurrency is gradually becoming another settlement tool for international trade, not just a retail speculation target. Even more interestingly, Russia has completed legislation while the US CLARITY Act is still stuck in the Senate. If more countries establish compliance frameworks, the valuation logic of Crypto will slowly shift from "speculative asset" to "global financial infrastructure." My judgment: This is a long-term positive. The short-term impact is limited, but in the coming years, the real beneficiary may not be altcoins, but $BTC. #俄罗斯加密监管法9月生效，交易与支付边界明确