Russia Limits Retail Crypto Purchases to $4,000

Russia Implements Cryptocurrency Regulations

Russia is planning to introduce a comprehensive regulatory framework for the cryptocurrency market aimed at legalizing digital assets. This regulation is expected to be completed by July 1, 2027.

Under the new rules, both qualified and unqualified investors will be allowed to purchase cryptocurrencies. However, risk tests will be mandatory for qualified investors, while unqualified investors will be limited to a purchase of $4,000.

The Central Bank of Russia is expected to approve the trading of major cryptocurrencies like Bitcoin and Ethereum. However, privacy-focused cryptocurrencies such as Monero and Zcash are likely to be banned, and penalties related to illegal cryptocurrency activities will be enforced that could be linked to banking.