Russia Drafts Rules for Exchange-Based Crypto Trading With Investor Caps

• Russia’s Moscow and St Petersburg exchanges prepare regulated cryptocurrency trading once the 2026 rules activate.
• Central bank framework expands investor access while routing crypto flows through existing licensed market infrastructure.

---

Russia’s leading stock exchanges are preparing for regulated cryptocurrency trading after the Central Bank of Russia released a new policy outline for digital assets. The framework is planned to replace an interim legal arrangement and is scheduled to take effect by July 1, 2026, following approval by federal authorities and parliament.

Under the proposal, digital currencies such as Bitcoin and stablecoins would gain recognition as currency assets. Authorities intend to route all crypto activity through licensed brokers, exchanges, and financial firms, while separate authorization rules would apply to custodians and crypto trading platforms.

The regulator stated that digital assets remain high-risk instruments. Recognition as monetary assets does not change restrictions on domestic payments. A law passed by the State Duma in June 2020 continues to block such use.

Major Exchanges Signal Readiness for Crypto Markets

Russia’s two largest stock exchanges have publicly supported the central bank’s regulatory concept. Both platforms confirmed readiness to begin cryptocurrency trading once the legal framework comes into force. The Moscow Exchange said preparation work has already begun.

In a statement quoted by RIA Novosti, the exchange said, 

Exchange representatives said prior experience from currency trading operations can support orderly crypto turnover. Existing trading, clearing, and settlement systems are expected to serve as the base for upcoming activity. The St. Petersburg Exchange also expressed readiness to participate in building regulated infrastructure.

Its operator stated,

Investor Access Rules and Annual Purchase Caps

Under the proposal, both qualified and non-qualified investors would gain access to cryptocurrency trading. Non-qualified investors would face an annual purchase cap of 300,000 rubles, equal to about $3,800 at current exchange rates, and access would be limited to approved liquid assets after passing a knowledge test.

Qualified investors would receive wider access without spending limits, excluding privacy-focused coins. Eligibility would still require passing a knowledge test. Earlier rules limited access to a super-qualified category defined by assets above 100 million rubles or annual income of at least 50 million rubles.

The central bank also plans to allow Russian residents to buy digital assets on foreign platforms using overseas accounts. Any transfers through Russian intermediaries would require notification to tax authorities, maintaining state oversight across cross-border transactions. 

]]>