PANews
PANews|Mar 31, 2026 01:20
[Russia Approves Crypto Regulation Bill: Annual Purchase Limit of 300,000 Rubles for Non-Qualified Investors on a Single Platform] According to Bits.media, the Russian government has approved a package of cryptocurrency regulation bills, including an annual purchase limit of 300,000 rubles (approximately $3,300) for non-qualified investors buying cryptocurrencies through a single broker. Purchases are restricted to highly liquid digital assets listed by the central bank and require passing a test. Qualified investors are also required to pass a test but are not subject to any purchase limits. Transactions through regulated intermediaries are permitted, while direct transactions without intermediaries are prohibited. Russian citizens may purchase cryptocurrencies abroad but must use foreign accounts for payment and report such transactions to tax authorities. Administrative penalties will primarily target non-compliant exchange institutions rather than individual investors. The relevant bills will be submitted to the State Duma for review in the coming days.
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