Russia's Central Bank Drives New Crypto Regulation Framework
- Regulatory Framework Launch: The Central Bank of Russia, alongside the State Duma and major exchanges, is introducing a new digital asset regulatory framework expected to be implemented by 2026, aimed at regulating trading of key cryptocurrencies like Bitcoin and Ethereum, thereby enhancing market transparency and security.
- Investment Limits Established: The new regulations set annual investment limits for non-qualified investors to mitigate market risks and protect investors, reflecting the regulators' concerns about the volatility of the crypto market, which may influence participation from both retail and institutional investors.
- Surge in Market Demand: There has been a significant increase in crypto-related inquiries in Russia due to heightened interest in regulated trading, indicating market anticipation for the new regulations, which could drive growth in domestic digital assets and contribute to economic development.
- Expansion of Technological Infrastructure: The State Duma aims to promote tax parity for digital assets with bonds, facilitating industrial Bitcoin mining and strengthening Russia's technological infrastructure in the global crypto space, thereby enhancing its international competitiveness.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00385 | 0.0169 | 0.0279 | 0.0409 | 0.0519 | 0.0649 | 0.0759 |
| Fibonacci | 0.0169 | 0.026 | 0.0317 | 0.0409 | 0.05 | 0.0557 | 0.0649 |
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