According to Russia’s Finance Ministry, the government approved draft bills that would route domestic crypto trading through licensed intermediaries while maintaining strict limits on retail investor access.
Russia’s government has approved a package of draft bills to regulate domestic cryptocurrency trading, according to an announcement from the Finance Ministry. The framework would channel crypto purchases through licensed intermediaries, cap annual purchases by non-qualified investors at 300,000 rubles, and limit retail access to central bank-approved high-liquidity digital assets. Non-qualified investors would also be restricted to using a single broker and would need to pass testing before gaining access. The bills are expected to be submitted to the State Duma in the coming days.