Moscow is preparing new legislation that would allow retail investors to access the digital asset market with limits of up to $3,800.
According to the state news agency TASS, Russia is set to allow non-qualified investors to access digital asset trading through new legislation currently being finalized.
Anatoly Aksakov, chairman of the State Duma’s Committee on Financial Markets, announced that the bill is ready and will be discussed during the spring parliamentary session. The proposed legislation aims to remove digital assets from a special category of financial regulation.
“A bill has already been prepared that removes cryptocurrencies from special financial regulation, meaning they will become commonplace in our lives,” Aksakov said in an interview with the Russia-24 television channel.
The legislation would still impose certain restrictions on retail investors. Individuals who do not meet Russia’s criteria for qualified investors would be allowed to purchase cryptocurrencies up to a maximum value of 300,000 rubles, equivalent to approximately $3,800. Professional market participants, by contrast, would not be subject to these limits.
Aksakov also noted that the regulation would facilitate the international use of digital assets, including cross-border transactions and the overseas placement of tokens issued by Russia.
This legislative initiative is part of a broader effort to open the market to retail investors. In December, the Russian central bank proposed a regulatory framework that would allow non-qualified investors to trade cryptocurrencies after passing a risk awareness test.
During the same period, Finance Minister Anton Siluanov announced that the ministry and the central bank were working together on a coordinated approach to allow retail access under defined risk thresholds.
