Overview
- Anatoly Aksakov said the State Duma will consider the bill by late June 2026, with the law slated to take effect on July 1, 2027 if approved.
- Retail trading would be allowed only after a qualification test and would be capped at 300,000 rubles per year for non‑qualified investors.
- All crypto exchanges would need licenses, with unregistered operators facing penalties comparable to illegal banking, including fines and potential jail time.
- The Central Bank is expected to approve a shortlist of 5–10 tokens for retail access, including Bitcoin and Ethereum, while privacy coins would be kept off the retail market and domestic crypto payments would remain banned.
- Stablecoins would be designated for cross‑border trade via licensed intermediaries, and residents could buy crypto on international platforms if transactions are reported to tax authorities.