According to ChainCatcher, citing DL News and the Russian parliamentary gazette, Moscow will introduce Russia's cryptocurrency regulatory policy in July, allowing retail and institutional investors to purchase Bitcoin before mid-2027. Anatoly Aksakov, chairman of the State Duma's Financial Market Committee, stated that a comprehensive legislative framework will be ready by the end of June for voting by State Duma deputies. If approved, the bill will take effect on July 1, 2027. Aksakov said the bill will include regulatory provisions for cryptocurrency exchanges, with unregistered exchange operators potentially facing fines or imprisonment, similar to Russia's laws against illegal banking activities. According to the plan, retail investors will need to pass a qualification test to trade cryptocurrencies and may face an annual purchase limit of $4,000. The Central Bank is expected to create a whitelist of cryptocurrencies available for retail investors, potentially including major assets like Bitcoin and Ethereum, while qualified investors will be allowed to trade tokens outside the list.
Russia to Introduce Cryptocurrency Regulation Framework in July for Parliamentary Vote
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Summary
Russia is set to introduce a compliance framework for cryptocurrencies in July, with a parliamentary vote scheduled after a bill is finalized by the end of June. The law, effective from July 1, 2027, will cover cryptocurrency exchanges and impose penalties on unregistered operators. Retail investors will be required to pass a test and may face a $4,000 annual transaction cap. A central bank-maintained whitelist could include Bitcoin and Ethereum. The bill also aligns with international counter-terrorism financing (CFT) measures to prevent illicit financial flows.
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