Russia Sets Annual Crypto Purchase Cap at ₽300,000

Russia's Digital Currencies and Digital Rights framework went into effect on [no specific date mentioned], imposing an annual cap of ₽300,000 ($3,700) on retail purchases through licensed intermediaries. These purchases will only be allowed after mandatory testing.

Only three cryptocurrencies are permitted for non-qualified buyers: Bitcoin, Ethereum, and USDT. Qualified investors face no limits.

Exchanges must register with the Bank of Russia, while companies can use crypto freely for cross-border payments. Peer-to-peer trading remains legal but is subject to increased Anti-Money Laundering scrutiny and bank monitoring.