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Russia revises crypto regulation bill to cut reporting items, set buying cap

Russia’s lower house financial markets committee approved amendments to a cryptocurrency regulation bill that drop a plan to require residents to disclose wallet addresses. The revision would instead require reporting only of holdings and transaction volumes, and it adds provisions guaranteeing judicial protection for crypto holdings regardless of past reporting. It keeps investor categories but limits non-qualified investors to high-liquidity assets and sets an annual buying cap of 300,000 roubles per regulated broker.