Russia Advances Digital Asset Legislation: Central Bank to Oversee Market Access and Transaction Compliance

Russia's lower parliament has preliminarily approved a landmark digital assets bill, moving crypto regulation forward. The central bank will oversee licensing and transactions, defining crypto as property but banning its use for payments. Cross-border trade is permitted, with investment limits and an approved asset list. Full implementation is expected by 2026, amid debates over strict oversight potentially stifling market activity.

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U.S. Naval Blockade of Hormuz Strait Could Cripple Iran's Oil Industry

JPMorgan analysis warns that a strict U.S. naval blockade of the Strait of Hormuz could sever Iran's crude export routes, rapidly deplete its onshore storage, and force production cuts within weeks. Daily reductions could reach 1.9 million barrels, aiming to bolster U.S. negotiating leverage, but requires sustained enforcement.

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