Russia plans to launch cryptocurrency regulatory regulations in July, expected to take effect in 2027

Odaily News: Russia plans to introduce cryptocurrency regulatory policies this July and submit them to the State Duma for a vote. Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, 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 legislation intends to allow retail and institutional investors to purchase Bitcoin before mid-2027 and establish clear regulatory requirements for cryptocurrency exchanges. Unregistered exchange operators may face fines or imprisonment. According to the plan, retail investors will need to pass qualification tests, and their annual purchase limit may be restricted to within $4,000; the Russian central bank is expected to formulate a whitelist of crypto assets available for retail investor trading, which may include mainstream assets such as Bitcoin and Ethereum, while qualified investors can trade tokens not on the list. (DL News)