Russia Restricts Retail Crypto Access Amid New Trade Settlement Rules

Russia's recently finalized legislation has imposed limits on retail cryptocurrency purchases and restricted access to key tokens, including Bitcoin and Ethereum. From September 1, however, Russian businesses will be allowed to use cryptocurrencies for international trade settlements.

The new regulations set an annual limit of $3,700 on retail crypto purchases and restrict domestic access to Bitcoin, Ethereum, and USDT. This move is expected to narrow retail participation in one of the world's largest markets, potentially suppressing liquidity and dampening domestic buying sentiment for BTC.

Russian businesses engaged in foreign trade will be permitted to use cryptocurrencies for international settlements starting September 1, which may offer new external demand channels in the future. In the short term, technical analysis suggests that BTC/USD is likely to remain range-bound in the coming sessions with anticipated volatility contained between $61,126 and $64,346.