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.
