The cryptocurrency regulation in Russia is scheduled to be introduced for a vote by lawmakers in July this year

According to DL News citing the Russian parliamentary bulletin, Moscow will launch a regulatory policy for Russian cryptocurrencies in July, allowing retail and institutional investors to purchase Bitcoin before mid-2027.

Anatoly Aksakov, chairman of the State Duma's Financial Market Committee, stated that a comprehensive legislative framework will be ready for voting by State Duma members by the end of June. If the members approve the bill, it will come into effect on July 1, 2027.

Aksakov mentioned that the bill will include regulatory provisions for cryptocurrency exchanges, and unregistered cryptocurrency exchange operators may face fines or imprisonment, similar to Russia's laws against illegal banking activities.

According to the plan, retail investors will need to pass a qualification test to trade cryptocurrencies and may have an annual purchase limit set at $4,000. The central bank is expected to create a whitelist of cryptocurrencies available for retail investors to trade, which may include mainstream assets like Bitcoin and Ethereum; qualified investors will be able to trade tokens not on the list.