Russia Introduces New Crypto Regulations for Retail and Qualified Investors
Russia's central bank has unveiled a regulatory framework for cryptocurrencies, set to take effect by July 2026. The new rules will allow both retail and qualified investors to purchase digital assets, albeit with distinct limitations. Retail investors must pass a knowledge assessment and are capped at 300,000 rubles (~$3,800) annually, while qualified investors face no purchase limits but must complete a risk-awareness evaluation.
Transactions will be facilitated through licensed intermediaries, including exchanges, brokers, and trust managers. The Bank of Russia maintains its cautious stance, warning of the high-risk nature of cryptocurrencies. Notably, Russian residents can now buy crypto abroad and transfer holdings domestically through licensed entities, subject to tax reporting requirements.
