Russia to Roll Out Bitcoin and Crypto Framework This July, Allowing Retail Participation

Russia is moving to implement its first comprehensive regulatory framework for cryptocurrencies like Bitcoin, with lawmakers aiming to approve the draft by the end of June for a parliamentary vote. If passed, the framework would take effect in July 2027, permitting regulated trading for both qualified and non-qualified investors. Retail investors will face restrictions, including an annual purchase cap of 300,000 rubles (about $3,900) and access only to a limited list of the most liquid cryptocurrencies, likely including Bitcoin and Ether, curated by the Central Bank of Russia. Professional investors will have unlimited trading access, excluding privacy coins like Monero. The legislation will also govern crypto mining and circulation but will reaffirm the ban on using digital assets for domestic payments. Furthermore, it will require existing platforms to obtain new licenses and establish penalties for illegal crypto activities.

(Source：Bitcoin Magazine)