Russia Central Bank Proposes Limited Retail Crypto Access

Russia's central bank is moving towards a more controlled crypto market as it prepares new rules for digital currencies and digital rights. Under the proposed framework, non-qualified investors would initially have access only to Bitcoin, Ethereum, and Tether's USDT.

The regulator, led by First Deputy Governor Vladimir Chistyukhin, has stated that there are currently no plans to expand the list at launch, leaving room for future changes. However, officials appear cautious as they prepare the first phase of the rules.

The framework is expected to become operational around July 1, 2026, but it still needs further parliamentary approval and a presidential signature before it becomes final. If approved, the rules would make access to other major tokens harder for everyday investors.