Russia is preparing to change the way cryptocurrencies are treated by law. According to state media TASS, Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, confirmed that lawmakers had finalized a bill to remove cryptocurrencies from the country’s “special financial regulation” category.
The goal is to make the use of crypto more practical and legally accepted for everyday financial activities. The bill is expected to be discussed during the spring session of the State Duma and will cover both cryptocurrencies and digital financial assets (DFA).
Crypto access for retail investors with spending limits
A key part of the proposal is to allow non-qualified or retail investors to purchase cryptocurrencies. However, purchases will come with limits to reduce financial risk.
Under the plan, retail investors will be allowed to invest up to 300,000 rubles (around $3,800) in digital assets. This cap is designed to protect everyday users from high-risk exposure.
On the other hand, professional and qualified market participants will be able to trade cryptocurrencies without investment limits.
Support from the Central Bank and the Ministry of Finance
The bill reflects ongoing coordination among Russian financial regulators. In December, the Bank of Russia suggested allowing retail cryptocurrency investments after investors completed a basic risk awareness check.
Although the central bank has traditionally been cautious towards cryptocurrencies, it has been supportive of regulated access. Finance Minister Anton Siluanov also confirmed that the Ministry of Finance and the central bank are working together to build a unified crypto framework focused on limits and safeguards.
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Expansion of the use of crypto in cross-border payments
Beyond domestic trade, the proposed law could expand the use of cryptocurrencies for international settlements. Aksakov noted that the bill could enable the use and listing of digital assets issued in Russia on foreign markets.
This could help Russia develop alternative payment systems for cross-border transactions, especially as traditional financial channels remain restricted.
Towards legal and general public use of cryptography
If approved, the bill would mark a major shift in Russian crypto policy. By removing cryptocurrencies from special regulatory status, lawmakers aim to make digital assets a normal part of the financial system.
With clear limits, investor categories and oversight, cryptocurrencies could soon become a regulated and widely used financial tool in Russia rather than a restricted or experimental asset.
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FAQs
The app will likely rely on regulated crypto platforms and exchanges operating in Russia, requiring them to implement identity verification and track total purchases against each user’s legal limit.
It moves crypto from a niche experimental legal category to standard rules for financial instruments, which can simplify taxation, inheritance and commercial use by applying clearer and more familiar legal procedures.
Yes, creating a legal framework for everyday crypto use typically requires licensing domestic platforms that comply with the new rules, which could reduce Russian users’ dependence on foreign exchanges.
Businesses could benefit from a clearer legal path to accepting cryptocurrencies for payments or holding them on their balance sheets, although they will have to follow upcoming reporting and compliance rules for digital financial assets (DFA).
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