PANews
PANews|Mar 24, 2026 00:59
[Russia to Allow Major Cryptocurrencies Like Bitcoin, Ethereum, and Solana to Enter Its Market] According to Cryptopolitan, the Russian government's Legislative Activities Committee has approved a bill regulating cryptocurrency transactions, which will allow domestic crypto exchanges to list digital assets with the largest market capitalization and trading volume. Under the bill, approved cryptocurrencies must meet the following criteria: an average market capitalization exceeding 5 trillion rubles (approximately $60 billion) over the past two years, an average daily trading volume of at least 1 trillion rubles (approximately $12 billion), and a trading history of at least five years. Mainstream cryptocurrencies such as Bitcoin, Ethereum, and Solana meet these standards. The bill grants the Russian central bank the authority to determine the list of digital assets permitted for circulation and empowers financial intelligence agencies to blacklist specific cryptocurrencies, with privacy coins being banned from trading. Cryptocurrencies and stablecoins are classified as "monetary assets," and the annual investment limit for ordinary Russian citizens will be capped at $4,000. The bill also stipulates that non-compliant crypto exchanges could face fines of up to 1 million rubles, while illegal mining entities could be fined up to 2.5 million rubles. Large-scale illegal mining operations may face up to five years of imprisonment.
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