Russia plans to introduce a comprehensive regulatory framework for the crypto market by July 1, 2027, providing guidelines for both qualified and unqualified investors.
Russia is set to roll out a comprehensive cryptocurrency market regulatory framework by July 1, 2027, allowing both qualified and unqualified investors to participate under different rules. Qualified investors will face mandatory risk testing but will have no limits on purchases. The central bank will approve a list of major cryptocurrencies for trading, while privacy coins like monero and zcash will be banned. Penalties for unlawful crypto activities will be akin to illegal banking violations. A cap of 300,000 rubles ($4,000) for retail investors' crypto purchases is being discussed.