Russia advances crypto bill with potential $4K annual cap for individuals

Russia plans to introduce a cryptocurrency bill by July 2027 that would mandate exchange registration and limit purchases for individual investors, DL News reported. Anatoly Aksakov, Chairman of the Russian State Duma's Committee on the Financial Market, stated that the bill could be voted on by the end of June and take effect in July 2027. He explained that it includes penalties for unlicensed exchanges and the introduction of investor qualification tests. The proposed legislation is also considering a potential annual limit of $4,000 on cryptocurrency purchases for individual investors. Additionally, Russia's central bank may be tasked with designating an approved list of coins, such as BTC and ETH.