Russian President Vladimir Putin signed a comprehensive digital asset law on Aug. 4, creating a regulated route for retail and qualified investors to trade cryptocurrencies through approved intermediaries.
Summary
- Russia will allow tested retail investors to buy liquid cryptocurrencies through regulated intermediaries from September.
- Nonqualified investors face a 300,000 ruble annual purchase cap through each intermediary under the law.
- Registered crypto exchanges must hold 15 million rubles in equity and join an approved SRO.
- Qualified investors may trade any cryptocurrency without purchase limits after completing mandatory suitability tests successfully.
- Domestic…
