Russia Advances Crypto Trading Bill With Strict Market Cap and Retail Limits

Russia’s legislative committee approved a crypto trading bill that would allow major tokens such as Bitcoin, Ethereum, and Solana, while the central bank would set the final approved list under strict eligibility rules.

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Summary

Russia’s legislative committee approved a crypto trading bill that would permit trading in major digital assets including Bitcoin, Ethereum, and Solana, while imposing strict qualification thresholds. Under the proposal, eligible tokens must have an average market capitalization of 5 trillion rubles, daily trading volume of 1 trillion rubles, and at least five years of trading history. The Bank of Russia would determine the official list of approved assets, and privacy coins would be banned. The measure reflects a tightly controlled framework for crypto market access centered on large, liquid, and established tokens.

Terms & Concepts
  • Bitcoin: The largest cryptocurrency by market value, operating on a decentralized blockchain network without a central issuer.
  • Privacy coins: Cryptocurrencies designed to obscure transaction details and user identities, making transfers harder to trace on public blockchains.
  • Market capitalization: The total value of a crypto asset, usually calculated by multiplying its circulating supply by its market price.