Bank of Russia to deem crypto currency assets, retail access with 300,000-ruble cap

The Central Bank of Russia outlined a framework to classify cryptocurrencies and stablecoins as currency assets and to widen investor access. Retail participants would face testing and a 300,000 rubles annually limit via one intermediary, while qualified investors could buy most tokens except anonymous coins. Draft laws are targeted by July 1, 2026, with additional liability rules by July 2027.