Bills on Cryptocurrency Market Regulation to Be Submitted to the State Duma Within Six Months

RBK-cryptoPubblicato 2025-12-30Pubblicato ultima volta 2025-12-30

Introduzione

Russian Finance Minister Anton Siluanov announced that cryptocurrency market regulation bills will be submitted to the State Duma in the first half of 2026. The Ministry of Finance supports allowing non-qualified investors to access the crypto market through Russian platforms, but with investment limits. The Central Bank's published concept permits such investors to purchase the "most liquid" cryptocurrencies after passing a test, with an annual limit of 300,000 rubles per intermediary. Siluanov emphasized the need for clear legislation to define permissible activities and participants, as crypto transactions are occurring without regulation. The Central Bank's proposals are under government review, and it plans to introduce penalties for illegal crypto intermediary activities starting July 1, 2027, similar to those for illegal banking. Access to the digital financial assets (DFA) market will also be simplified starting in 2026.

Finance Minister Anton Siluanov stated in an interview with "Russia 24" that bills regulating the cryptocurrency market will be submitted to the State Duma in the first half of 2026. According to him, the Ministry of Finance supports allowing non-qualified investors access to the cryptocurrency market through Russian platforms, but with limitations on the volume of such investments.

On December 23, the Bank of Russia published a concept for regulating the cryptocurrency and digital asset market, which, among other things, allowed "non-qualified" investors to purchase "the most liquid" cryptocurrencies, but only after passing a test and within a limit—no more than 300,000 rubles per year through a single intermediary.

Siluanov explained that transactions in cryptocurrencies are taking place, but there is no regulation, so this topic requires legislative definition: "what is allowed, what is not, and who can participate." All of this is defined in the legislative acts jointly prepared by the Ministry of Finance and the Central Bank, the minister added.

"I am confident that we will be able to submit these draft decisions to the State Duma in the first half of next year and will ask lawmakers to consider these draft legislative acts," said Siluanov.

The Central Bank's proposals on crypto regulation have already been submitted to the government for consideration. The regulator also plans to introduce liability for illegal activities of intermediaries in the cryptocurrency market, similar to liability for illegal banking activities, starting from July 1, 2027.

Access to the market of digital financial assets (DFAs) will also be simplified. Starting from 2026, the classification of DFAs available to qualified and non-qualified investors will change.

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