Russia drafts law to permit retail crypto investing

The Russian government is advancing legislation to allow general retail investors to invest in cryptocurrencies, Bloomberg reported. According to a statement from Russia's central bank, the policy would permit both qualified and non-qualified investors to purchase crypto assets under separate regulations. Non-qualified investors would need to pass a test to buy cryptocurrencies, with an annual transaction limit of 300,000 rubles. In contrast, qualified investors could purchase any coin without restriction, except for privacy coins. The proposed law also stipulates that Russian residents can buy crypto from overseas exchanges or transfer previously purchased assets to domestic platforms, provided they declare them to tax authorities. The government aims to finalize the legislation before July 2026.