According to Anatoly Aksakov, head of the State Duma’s Financial Market Committee, the draft crypto bill is expected to be put to a vote by the end of June. If approved, the full regulatory framework would come into force on July 1, 2027.
The proposed rules introduce a clear investor classification system. Retail investors would need to pass a qualification test and would face an annual purchase cap of roughly $4,000, while professional investors would gain broader access to the market, excluding privacy focused cryptocurrencies.
Under the draft, the central bank would determine which cryptocurrencies are eligible for trading by publishing a list of the top 5 or 10 assets by volume. Assets outside this list would be restricted to qualified investors. The framework also covers mining and crypto production, maintains the ban on using crypto as a domestic payment method, and allows stablecoins only for foreign trade activities via licensed brokers.
