Russia Approves Crypto Regulation Framework with Annual Investor Limits

Russia's central bank has approved a new set of crypto regulations that aim to balance investor participation with risk management. Under the framework, non-accredited investors will face an annual cap on their purchases, limiting retail exposure to market volatility.

The regulations also restrict access to highly liquid digital assets and require knowledge testing before allowing retail participants to invest in cryptocurrencies. In contrast, accredited investors will not be subject to monetary limits but will still need to complete testing procedures.

Another key aspect of the framework is the requirement for all crypto transactions to go through licensed intermediaries, effectively banning direct peer-to-peer trading within the domestic market. However, Russian citizens will still be able to purchase cryptocurrencies through foreign platforms and report their transactions to tax authorities.