Russia legalized crypto trading and capped ordinary citizens at roughly $3,700 a year.

Putin signed Federal Law 282-FZ, "On Digital Currencies and Digital Rights," on August 4. Core provisions go live September 1. The state that spent a decade calling Bitcoin a threat just built a licensed market around it. What it actually does: Retail gets a cage. Non-qualified investors are capped at 300,000 rubles a year, about $3,700, per licensed intermediary, and only in coins regulators designate as liquid. Qualified investors have no cap. Exchanges get a registry. State registr

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