"State news agency TASS previously reported that non-qualified traders would be capped at annual purchases of 300,000 rubles (roughly $3,900) and would only be permitted to buy a limited set of what regulators deem the "most liquid" cryptocurrencies. Professional and qualified investors, by contrast, would be allowed to trade cryptocurrencies in unlimited amounts, with the exception of privacy-focused tokens such as Monero and Zcash. Russian authorities have repeatedly cited concerns over anonymity and compliance with anti-money laundering standards as the rationale for excluding such assets."
"Alexandra Fedotova, a lawyer at Moscow-based firm White Stone, said the Central Bank of Russia is expected to compile a shortlist of approved cryptocurrencies for retail trading. "Most likely, the Central Bank will compile a list of the top five to ten most traded cryptocurrencies on major exchanges," Fedotova said in comments reported by local media. "Bitcoin and ether will definitely be included. Possibly SOL or TON will be added, given their popularity in our country. Everything else will be only for qualified investors.""
Lawmakers aim to finalize a comprehensive crypto regulatory draft for a parliamentary vote by the end of June, with approval possible as early as this summer. The framework would take effect one year after passage, enabling regulated bitcoin and crypto trading for both qualified and non-qualified investors beginning July 1, 2027. Retail participation would face limits, including an annual purchase cap for non‑qualified traders and access only to a shortlist of the most liquid cryptocurrencies. Qualified investors would face no trading amount limits aside from exclusions of privacy-focused tokens such as Monero and Zcash. The Central Bank is expected to compile the retail shortlist and Russian residents would be permitted to buy bitcoin abroad using foreign accounts.
Read at Bitcoin Magazine
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