Russian lawmakers call for stronger cryptocurrency regulations.

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Russian lawmaker Yevgeny Masharov has called on the Federal Assembly to regulate cryptocurrency, citing the fact that a third of global cryptocurrency exchange traffic originates in Russia. According to DL News, he emphasized the need for swift legislation to regulate cryptocurrency circulation, with all transactions on unlicensed platforms deemed illegal and subject to criminal penalties. A TRM Labs representative stated that the weak ruble, capital controls, and international sanctions have accelerated the adoption of cryptocurrency in Russia.

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