Overview
- The draft sets a 300,000‑ruble annual limit for non‑qualified investors, while qualified participants face no caps.
- Retail access would require a Bank of Russia risk‑awareness test taken through licensed venues.
- Domestic crypto payments remain illegal, and privacy coins stay barred under the proposed framework.
- Exchanges would face stricter licensing and reporting to curb fraud and bring activity back onshore.
- Lawmakers plan spring 2026 debate with enactment possible by July 1, 2026, and the model supports controlled cross‑border use alongside a digital ruble rollout by September 2026.