Russia Imposes $4,000 Annual Crypto Purchase Limit for Retail Investors
Russia's State Duma is advancing legislation to cap annual cryptocurrency purchases at 300,000 rubles ($4,000) for non-qualified retail investors, effective July 2026. Qualified investors face no limits but must demonstrate risk proficiency. The framework treats crypto as tradable assets while maintaining bans on domestic payments.
The Central Bank will curate approved lists of top-tier cryptocurrencies, excluding privacy coins. Enforcement penalties for illegal trading mirror banking sanctions, with full implementation slated for 2027. This MOVE signals Russia's cautious embrace of crypto markets amid global regulatory scrutiny.