Retail buyers face a 300,000-ruble annual cap at each intermediary. Companies get a foreign-trade exception. The law follows EU sanctions targeting crypto settlements.
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The State Duma bill caps how much ordinary Russians can buy each year while clearing a path for companies to settle international trade in crypto.
Russia's parliament approved the country's first cryptocurrency law on Tuesday, setting strict limits on retail purchases while opening a channel for companies to settle international trade in crypto, according to state news agency TASS. Most provisions take effect September 1.
Only firms in a special registry will be permitted to run exchanges. Existing operators have until July 1, 2027 to comply, TASS reported.
Retail buyers – or non-qualified investors – can buy only the most liquid cryptocurrencies through licensed intermediaries. Annual purchases are capped at 300,000 rubles, or roughly $3,800, at each intermediary. Qualified investors face no such ceiling. Both groups must pass testing first.
The law keeps Russia's long-standing ban on paying for goods and services domestically with crypto and bars advertising such payments. It carves out an exception for settlements under foreign trade contracts between residents and non-residents.
That carveout follows the European Union's April sanctions package, which specifically targeted Russian crypto activity after the bloc warned that "Russia is becoming increasingly reliant on cryptocurrencies for international transactions."
Russia had been moving toward formal crypto rules for months, with the central bank laying out the framework in December.
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