Russia Plans to Launch Cryptocurrency Regulatory Regulations in July, Set to Take Effect in 2027

Odaily News: Russia plans to introduce cryptocurrency regulatory policies this July and submit them for a vote by State Duma deputies. Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, stated that a comprehensive crypto legislative framework is expected to be ready by the end of June. If passed, the relevant regulations will officially take effect on July 1, 2027.

Reports indicate that the proposed legislation would allow retail and institutional investors to purchase Bitcoin before mid-2027 and establish clear regulatory requirements for cryptocurrency exchanges. Unregistered exchange operators could face fines or imprisonment. According to the plan, retail investors would need to pass a qualification test, and their annual purchase limit might be capped at $4,000. The Russian central bank is expected to compile a whitelist of crypto assets available for retail investor trading, which may include mainstream assets like Bitcoin and Ethereum. Qualified investors, however, would be permitted to trade tokens not on the list. (DL News)