Russia restricts cryptocurrency trading to regulated intermediaries

Featured in:
abcd

The Russian government has approved a package of draft laws that will direct domestic cryptocurrency trading through licensed intermediaries and significantly restrict retail access.

Ministry of Finance he said On Monday, the government approved a package of draft laws on the legalization of digital currency trading and digital rights in Russia.

sadasda

“Under the new regulatory framework, transactions involving digital currency without regulated intermediaries are prohibited,” the ministry said. The package would tighten state supervision of digital assets, while maintaining restricted access for non-qualified investors and broader access for qualified investors.

The framework introduces significant limits for retail investors, allowing purchases of the “most liquid digital currencies” to be defined by the Bank of Russia. Under these rules, retail investors must pass a test and are restricted to purchases worth up to 300,000 rubles ($3,700) a year through a single intermediary.

The proposal would still allow residents to buy cryptocurrencies abroad using offshore accounts, provided they report those transactions to tax authorities, a signal that Moscow is trying to domesticate cryptocurrency trading rather than ban it entirely.

Cryptocurrency operators must meet licensing requirements

The approved package includes laws on digital currencies and digital rights, amendments to some Russian legal acts, as well as changes to the Code of Administrative Offenses.

The framework establishes a licensing regime for entities engaged in crypto operations, including digital exchanges and custody services, while allowing banks and brokers to participate under certain regulatory requirements.

Source: Ministry of Finance of Russia (Minfin).

“As for banks and brokers, they will be able to conduct such activities provided they meet certain prudential requirements,” we read in the statement.

Related: Telegram’s CEO faces a Russian investigation over allegations of facilitating terrorism

The package also provides for administrative liability for violations committed by organizations engaged in exchange activities, part of a broader push on police over unlicensed crypto brokerage.

Critics say the rules could backfire on surveillance goals

While the government is seeking to formalize the sector, critics say the fresh rules could have the opposite effect and divert activity into unregulated channels.

“While the rest of the world is moving towards liberalizing access to stock markets through tokenization, we are for some reason doing the opposite, pushing cryptocurrencies into the framework of securities market regulation,” Exved founder Sergey Mendeleev told Cointelegraph.

“Ultimately, it will be like casinos – people will not play less, but everything will get out of state control and move to online and underground facilities,” he said.

Warehouse: How cryptocurrency regulations have changed in 2025 — and how they will change in 2026

Cointelegraph is committed to independent and limpid journalism. This news article has been produced in accordance with Cointelegraph’s Editorial Policy and is intended to provide true and up-to-date information. Readers are encouraged to verify the information themselves. Read our Editorial Policy https://cointelegraph.com/editorial-policy
abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

Phishing, deepfakes and supply chain attacks driving the largest...

According to CertiK senior blockchain researcher Natalie Newson, real-time deepfakes, phishing attacks, supply chain breaches and cross-chain...

Bitcoin Bulls Recover as Futures Metric Hits 4-Month High

The Bitcoin derivatives market is showing signs of a fresh, bullish recovery, according to a up-to-date morning...

Bitcoin hits monthly high above $80,000 as almost all...

Bitcoin (BTC) hit a monthly high of $79,472 on Wednesday, marking its highest 28-day return since April...

Bitcoin and XRP need relief from capital drain, says...

John Bollinger, creator of Bollinger Bands, argued in a sharply worded X post on April 21 that...

Thailand’s regulator is considering the expansion of cryptocurrency futures...

The Securities and Exchange Commission of Thailand (SEC) is seeking public comment on proposed regulatory changes that...

Analyst Predicts Bitcoin Price to Hit $200,000 and Reveals...

Bitcoin is back to a place where bold calls for growth are starting to circulate again, and...