Russia Prepares Bill to Expand Crypto Access for Ordinary Citizens

Russia is set to introduce significant legal changes to broaden cryptocurrency ownership among its citizens. The State Duma is finalizing legislation aimed at reducing entry barriers for ordinary Russians while maintaining necessary safeguards.

The draft bill proposes removing cryptocurrencies from a special financial regulation regime, making them more accessible in everyday financial life.
Non-qualified investors would be allowed to purchase up to 300,000 rubles (approximately $3,800) in digital coins annually, with the aim of wider participation while limiting potential losses.
Ordinary buyers must meet basic criteria, including passing a risk-awareness test and trading through licensed brokers or exchanges, to prevent unregulated peer-to-peer trading.
Qualified investors would face fewer restrictions, allowing broader trading and holding of cryptocurrencies without annual limits, provided they understand associated risks.

The bill is ready for discussion in Russia’s spring parliamentary session, with potential implementation by late 2026. Meanwhile, Russian regulators are developing other crypto rules, including penalties for illegal intermediaries starting in 2027.

Despite these legislative changes, using cryptocurrencies for payments within Russia remains banned, focusing instead on investment and holding.