Russia Cracks Down on Crypto Trading with New Retail Cap
Russia has taken a significant step in regulating its cryptocurrency market with the signing of the Law on Digital Currencies and Digital Rights by President Vladimir Putin. This comprehensive legislation establishes a framework for cryptocurrency trading and related activities, with key provisions set to take effect on September 1, 2026.
The law creates a regulated route for cryptocurrency trading through licensed intermediaries, exchanges, digital depositories, brokers, trading venues, and clearing houses under the oversight of the Bank of Russia. Both qualified and non-qualified investors will be able to transact, but only in cryptocurrencies that meet certain liquidity requirements.
Retail investors, who make up the majority of cryptocurrency traders, are subject to a purchase cap of 300,000 rubles (approximately $3,800) per year through a single licensed intermediary. This measure is aimed at preventing excessive speculation and protecting retail investors from potential losses.