What is the maximum amount non-qualified investors can trade?

Non-qualified investors can trade up to 300,000 rubles ($3,846) annually per licensed intermediary. Using multiple intermediaries allows higher total volumes while maintaining per-platform oversight.

Which cryptocurrencies are banned under the new framework?

Privacy coins with smart contracts that obscure transfer details are prohibited for all investors. Standard cryptocurrencies including Bitcoin and Ethereum remain accessible to qualified investors without restrictions.

When does the crypto trading framework take effect?

The Bank of Russia targets July 1, 2026 for completing legislative changes. Enforcement and penalties for unlicensed activities begin in July 2027, providing a transition period for market participants.

Can Russians still use foreign crypto exchanges?

Russians can purchase crypto on overseas exchanges using foreign bank accounts. They can also transfer existing holdings abroad through licensed Russian intermediaries. Both activities require tax authority reporting.

How does this differ from Russia's previous crypto proposals?

Earlier proposals restricted crypto trading to qualified investors during a three-year experimental period. The new framework opens trading to all Russians while maintaining investor protection through tiered rules.

What is the digital ruble launch timeline?

Russia's central bank digital currency launches nationwide on September 1, 2026. Large merchants must accept digital ruble payments immediately, with mid-sized and smaller businesses phasing in through 2028.

Bank of Russia Proposes Crypto Trading Framework for All Investors

Rohan

Dec 24, 2025

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6 min read

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Bank of Russia Digital Ruble Russia Crypto Regulation

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