Russia Plans to Limit Retail Crypto Trading to Bitcoin, Ether and USDT
Russia has long sought tighter oversight of digital assets as policymakers weigh investor protection against demand for cryptocurrency services. The latest proposal focuses on narrowing the tokens available to retail investors, a step intended to curb exposure to volatile or lightly traded assets. Such restrictions could reduce listings and liquidity on domestic platforms while concentrating activity in the market’s largest cryptocurrencies.
Under the plan, retail trading would be limited to three assets: bitcoin, ether and the USDT stablecoin. The report did not identify the responsible Russian agency or specify an announcement date, implementation timetable, transaction threshold, monetary limit or penalties for violations. The measure therefore remains a proposal, with its final scope, eligibility rules and enforcement arrangements still awaiting clarification from Russian authorities.
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The history behind this eventRussia Sets First Rules for Regulated Crypto Trading
Russia has moved to bring cryptocurrency activity into its regulated financial system after allowing limited use of digital assets in cross-border trade from 2024. The Bank of Russia will oversee a market built around licensed exchanges, brokers, asset managers and digital repositories. The framework separates retail investors from qualified investors, while preserving bans on privacy coins and the use of cryptocurrency to pay for goods and services inside Russia.
The State Duma approved the cryptocurrency circulation law on July 21, 2026, with the legislation due to take effect on Sept. 1. The central bank followed on July 27 with its first draft regulations for organized trading and digital repositories. Retail investors who pass a risk test may buy up to 300,000 rubles a year through one intermediary, while qualified investors face no amount limit. Digital repositories must hold minimum capital of 50 million to 250 million rubles.
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