Russia is advancing legislation to open its cryptocurrency market to retail investors for the first time. The proposed bill, ready for the spring parliamentary session, would remove digital assets from a special regulatory category, allowing non-qualified investors to buy up to 300,000 rubles ($3,800) worth of crypto.
This move signals a significant shift toward integrating crypto into Russia’s everyday finance and supporting cross-border settlements. However, the market will not be fully liberalized. The legislation aligns with the central bank’s cautious stance, which advocates for strict safeguards, including risk-awareness tests and a ban on anonymous assets, to prevent excessive speculation and protect households from systemic risks.
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