Russia plans to cap retail crypto buys at $4,000 as it brings digital assets into the legal fold
The head of Russia’s lower house of the country’s parliament on Thursday said crypto market regulations will be ready by June of this year and come into force on July 1, 2027.
Anatoly Aksakov, head of the State Duma Committee on Financial Markets, said that qualified and unqualified investors will be allowed to purchase cryptocurrencies although under separate rules, according to the Duma’s official news outlet.
A cap will be in place on retail investors’ crypto purchases with the figure of 300,000 rubles ($4,000) being discussed, he added.
Qualified investors will also be required to undergo mandatory testing to ensure they understand the risks of cryptocurrency transactions, but they will be able to purchase any crypto assets in…
