Russia Approaches Vote on Cryptocurrency Regulations with Tiered Transaction Caps

Russia is moving closer to adopting comprehensive regulations for cryptocurrency transactions and international settlements. The State Duma has scheduled second and third readings of the proposed law for July 21, which would introduce tiered transaction caps for retail and qualified investors.

The legislation establishes a structured legal environment for digital asset operations throughout the country, with varying caps determined by investor qualification through licensed intermediaries.

Retail market participants would be authorized to acquire cryptocurrencies valued at up to 300,000 rubles annually via a single intermediary, while international cryptocurrency transfers for this group would be capped at 100,000 rubles per year.

Qualified investors could acquire digital currencies worth up to 3 million rubles per year through one intermediary, with international transfers reaching 1 million rubles annually.