Russia Introduces Crypto Regulation Framework with Investor Limits
Russia has introduced its first crypto regulation framework through the 'Digital Currency and Digital Rights Law' signed by President Vladimir Putin on August 4.
The law divides crypto users into two cohorts: retail (non-qualified) and professional (qualified) investors. Retailers have an annual crypto purchase limit of 300,000 rubles ($3,750), while their trading is limited to highly liquid cryptocurrencies like Bitcoin, Ethereum, and Tether under licensed intermediaries.
Professional investors face no investment limits or restrictions on digital assets traded, but both types of investors must pass a knowledge and risk assessment test. This recognition as legal property means they are afforded judicial protection, regardless of whether they were previously declared in tax reports.