Russia to legalize crypto trading through regulated brokers starting September 1, with projected $46B+ trading volume in year one.
Regulation & Gov ·
Russia's central bank is set to launch a regulated crypto trading framework beginning September 1, with Sberbank Deputy Chairman Anatoly Popov projecting at least $46.43 billion in trading volume during the first year, potentially climbing to $87.06 billion by 2029. The initiative will permit investors to purchase crypto assets through licensed brokers rather than peer-to-peer or unregulated channels.
The framework establishes tiered access rules. Non-qualified investors face an annual purchase cap of $3,800 per licensed intermediary, while qualified investors face no stated limit. Licensed exchanges are currently restricted to three assets: Bitcoin, Ethereum, and Tether.
Key details remain undefined: the criteria for "qualified" investor classification, whether the $46.43 billion and $87.06 billion figures account for repeat trading or represent unique capital inflow, and whether additional cryptocurrencies will be added to the approved list beyond the initial three.