“Opening for cryptocurrencies. The Bitcoin (BTC) cryptocurrency sector continues to grow in the Russian Federation. The Slavic country has clearly become a leader in bitcoin mining. However, the trading and use of cryptocurrencies is currently only legal for a small number of players in Russia. However, this may change in the future with a new law that will allow everyone, including individuals, to invest […]”, — write: businessua.com.ua
Opening for cryptocurrencies. Cryptocurrency sector Bitcoin (BTC) continues to grow in Russian Federation . The Slavic country became noticeable a leader in bitcoin mining . However, the trading and use of cryptocurrencies is currently there only legal for a small number of players in Russia. However, this may change in the future with a new law that will allow it to all including natural persons , invest and trade digital assets.
Key points of this article:
- Russia has become the world leader in mining bitcoins, but cryptocurrency trading remains limited to a limited number of players.
- By this summer, large-scale regulation of cryptocurrencies is scheduled to take effect in 2027, allowing everyone, including individuals, to invest and trade digital assets within the legal framework.
Large-scale regulation of cryptocurrencies is planned in Russia, a vote is expected by the summer of 2026. According to a recent article in the “Parliamentary Bulletin of Russia” chairman of the Committee on Financial Markets of the State Duma Anatoly Aksakov stated that comprehensive legislative framework regarding cryptocurrencies will soon be ready and can be put to a vote ” to end of June 2026 year “.
This law will allow institutional and individual investors (qualified and unqualified) to buy cryptoassets. It will also include regulation for cryptocurrency exchange platforms who currently work in the legal department gray area .
If Russian lawmakers approve this bill regulating cryptocurrencies for everyone by next June, and after it is ratified by President Vladimir Putin, the text could take effect July 1, 2027, according to Anatoly Aksakov.
However, for natural persons there will be significant limitation according to the current text. They will only be able to trade ” the most liquid » cryptocurrencies, which should limit their access to Bitcoin (BTC), Ethereum (ETH) and several major altcoins such as Solana (SOL).
Similarly, individual investors will be limited maximum annual investment in the amount of 300,000 rubles (just under $4,000) to one intermediary (exchange).
For experienced investors the scope will be much larger, but the so-called ” anonymous » cryptocurrencies such as Zcash (ZEC), Monero (XRM) and Dash (DASH), will still remain for them unavailable :
“The central bank will likely compile a list of the 5-10 most traded cryptocurrencies on major exchanges. These will almost certainly include BTC and ETH. Maybe SOL or TON will also be added, given their popularity in our country. Others will be available only to qualified investors. (…) [Однак навіть для цих інвесторів] The central bank makes it clear that you cannot buy cryptocurrencies that hide their intended recipients. For example Monero (XMR), Zcash (ZEC) and Dash. (…) Such assets will not pass anti-money laundering (AML) checks.”
Oleksandra Fedotova, a lawyer at the “White Stone” company, quoted by the “Russian Parliamentary Gazette”
Legislation on cryptocurrency in Russia is gradually developing, but all measures are aimed at legalizing this new class of assets and related activities. After regulation of bitcoin mining in 2024 it is expected that exchange platforms will have an official legal basis and appropriate licensing requirements . This is an evolving story.
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