Russia Proposes Major Crypto Rule Relaxation: Non-Qualified Investors Gain Access with 300,000 Ruble Annual Limit (2025 Update)

Russia’s Bank of Russia has introduced a groundbreaking proposal to significantly expand cryptocurrency access for everyday citizens, marking a notable shift from previous restrictive policies. Announced on December 23, 2025, the framework would permit both qualified and non-qualified (retail) investors to buy and sell digital assets through regulated channels, while maintaining strong safeguards.

Here are visuals showing Russian rubles alongside cryptocurrency symbols, illustrating the blending of traditional and digital finance:

Key Details of the Proposed Framework

Crypto and stablecoins would be classified as foreign currency-like assets — tradable and holdable, but strictly prohibited for domestic payments to protect the ruble’s sovereignty.

• Non-Qualified (Retail) Investors — Everyday Russians must pass a mandatory risk awareness/knowledge test before trading. Access is restricted to the most liquid cryptocurrencies (specific list to be defined later). Annual purchases are capped at 300,000 rubles (approximately $3,800–$3,846, depending on exchange rates) per licensed intermediary.
• Qualified Investors — Those meeting higher criteria (based on experience, income, or assets) face no investment limits but must also pass the risk test. They can trade most cryptocurrencies, except privacy coins using smart contracts that hide transaction details.

The Bank of Russia building in Moscow, the institution driving these changes:

Russians can continue purchasing crypto on overseas exchanges using foreign accounts or transfer holdings internationally via licensed domestic intermediaries — all transactions must be reported to tax authorities.

The proposal builds on prior experimental regimes for qualified participants and aims to enhance market transparency, set service standards, and curb unlicensed operations. Penalties for unauthorized intermediaries are slated to begin in July 2027, with full legislative changes targeted by July 1, 2026.

Parallel Push: Digital Ruble (CBDC) Launch

This crypto initiative aligns with Russia’s ongoing central bank digital currency project. The digital ruble is set for nationwide rollout starting September 1, 2026, with phased merchant adoption:

• Large firms (revenue >120 million rubles) must accept it from September 2026
• Mid-sized by 2027
• All others by 2028

Concept visuals of the digital ruble CBDC in action:

The move reflects Russia’s evolving strategy amid global sanctions — treating crypto as a potential export tool and international settlement option while prioritizing ruble dominance domestically.

Examples of crypto trading interfaces that could incorporate ruble-based limits and warnings under the new rules:

This proposal signals a more pragmatic approach to digital assets in Russia. Investors should monitor official updates from the Bank of Russia for final details and remain cautious of high volatility and regulatory risks. Stay informed on the latest crypto policy developments!

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.