Russia will allow major cryptocurrencies such as Bitcoin, Ethereum, and Solana to enter its market.

PANews reported on March 24 that, according to Cryptopolitan, the Russian government's Legislative Activities Committee has approved a bill regulating cryptocurrency trading, which will allow the country's cryptocurrency exchanges to list the digital assets with the largest market capitalization and trading volume. According to the bill, cryptocurrencies permitted for trading must meet the following criteria: an average market capitalization exceeding 5 trillion rubles (approximately $60 billion) over the past two years, an average daily trading volume of at least 1 trillion rubles (approximately $12 billion), and at least five years of trading history. Major cryptocurrencies such as Bitcoin, Ethereum, and Solana meet these standards.

The bill grants the Central Bank of Russia the power to determine the list of digital assets permitted for circulation and authorizes financial intelligence agencies to blacklist specific cryptocurrencies, prohibiting the trading of privacy coins. Cryptocurrencies and stablecoins are classified as "monetary assets," and the annual investment limit for ordinary Russian citizens will be capped at $4,000. The bill also stipulates that illegal cryptocurrency exchanges will face fines of up to 1 million rubles, illegal mining entities can be fined up to 2.5 million rubles, and large-scale illegal mining may face up to five years in prison.