Odaily Planet News: Russia plans to introduce cryptocurrency regulatory policies in July this year and submit them for a vote by the State Duma deputies. Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, stated that a comprehensive legislative framework for cryptocurrencies is expected to be ready by the end of June. If passed, the regulations will officially take effect on July 1, 2027.
According to reports, the proposed legislation would allow retail and institutional investors to purchase Bitcoin by mid-2027, and establish clear regulatory requirements for cryptocurrency exchanges. Unregistered exchange operators could face fines or imprisonment. Under the plan, retail investors would need to pass a qualifying test, and their annual purchase limit may be capped at $4,000. The Russian Central Bank is expected to create a white list of crypto assets available for retail trading, potentially including major assets like Bitcoin and Ethereum, while qualified investors would be allowed to trade tokens outside the list. (DL News)