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Russia Caps Crypto Buys at 300K Rubles Under New Bill
Russia's State Duma votes July 21 on a crypto bill capping retail purchases at 300K rubles a year and setting a Sept. 1 start date for licensed trading.
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Russian lawmakers are closing in on a vote that would cap retail cryptocurrency purchases at 300,000 rubles a year and establish formal rules for international settlements. The State Duma has scheduled second and third readings of bill No. 1194918-8 for July 21, pushing the measure toward final approval after months of committee work.
The bill creates two tiers of market participants. Retail investors can buy up to 300,000 rubles of digital currency annually through a single licensed intermediary, with international transfers capped at 100,000 rubles a year. Qualified investors get wider limits: 3 million rubles in annual acquisitions and 1 million rubles in cross-border transfers, all through one intermediary.
The legislation also opens the door for Russian businesses to use crypto for import payments, though the draft keeps operational constraints light for foreign trade entities. The core provisions would take effect Sept. 1 if the bill passes, giving exchanges and intermediaries a six-week runway to implement the new rules.