Russia’s parliament passes crypto market law with $3,800 annual cap for retail investors
Russia has passed a new law establishing a regulatory framework for cryptocurrency, including licensing for exchanges and a $3,800 annual investment cap for retail investors. The legislation aims to manage digital asset circulation while maintaining a ban on using crypto for domestic payments.
Why it matters
This law reflects Russia's attempt to integrate digital assets into its economy to bypass international sanctions while maintaining strict state control.
The law creates a legal framework for crypto exchanges, depositories and other digital asset providers, while setting rules for who can buy crypto and under what conditions, Russia’s state-owned news agency TASS reported Tuesday.
Only organizations included in a special registry will be permitted to operate as cryptocurrency exchanges, although firms will be allowed to continue operating without registration until July 1, 2027.
Under the new law, banks will be required to refuse transfers if they suspect an unauthorized entity is operating a cryptocurrency exchange.
The legislation also guarantees judicial protection for holders of digital currencies regardless of whether the assets were previously declared.
Retail investors will be allowed to buy the most liquid cryptocurrencies through licensed intermediaries, subject to an annual limit equivalent to roughly $3,800 per intermediary. Qualified investors will be able to purchase any crypto without restrictions.
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