Russia nears vote on crypto investment bill

• Russia is preparing for final votes on legislation regulating cryptocurrency investments.
• The bill would introduce an annual investment limit of 300,000 roubles (about US$3,800) for retail investors.
• The proposal aims to strengthen investor protections while expanding the country's crypto regulatory framework.

Russian lawmakers are preparing for final votes on a bill that would establish new rules for cryptocurrency investing, including a proposed annual investment limit of 300,000 roubles (about US$3,800) for retail investors.

The legislation would create a legal framework for cryptocurrency investments while restricting exposure for non-qualified investors through an annual investment cap.

The proposal would allow qualified investors to invest without the retail limit while introducing additional safeguards for individuals with less investment experience.

Russian authorities have been gradually developing cryptocurrency regulations despite maintaining restrictions on the use of digital assets as a domestic means of payment.

Supporters of the bill said the framework would improve oversight of the digital asset market while reducing risks for retail investors entering the sector.

If approved, the legislation would mark another step in Russia's efforts to establish clearer rules for cryptocurrency investment and digital asset regulation.