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Crypto
Russia passes first reading of bill to bring cryptocurrencies into formal sector
Russia is pushing a bill to bring cryptocurrencies into the formal sector while tightening controls. The State Duma passed a first reading of the “Digital Currency and Digital Rights” bill, which would legalise crypto but concentrate oversight with the central bank. Digital asset firms would need licences, crypto would be treated as property but barred as a payment means, and individual investors would face eligibility tests and annual caps. Only large, established coins could initially trade.
Crypto
Russia steps up crackdown on illegal crypto trading with jail terms for violations
Russia is moving to criminalise cryptocurrency trading conducted outside its regulatory framework. A draft approved by the Moscow city government would introduce penalties for organising digital asset distribution without registration or a licence from the central bank. Proposed punishments include fines and forced labour, rising to up to 7 years in prison and a 1 million rouble fine for organised crime or large-scale damage. Broader crypto rules are expected from 2026, with criminal provisions from 2027.
Crypto
Russia caps retail crypto purchases at 300,000 roubles a year, allows only high-liquidity coins
Russia has approved a package of bills to cap annual cryptocurrency purchases by ordinary citizens at 300,000 roubles and to limit non-professional investors to high-liquidity cryptocurrencies pre-approved by the central bank. The cabinet also backed licensing rules for platforms, exchanges and other intermediaries, while banning trades outside authorised brokers. Overseas purchases would be partly allowed but must be reported to the Federal Tax Service.
