Russia Proposes Limited Crypto Trading Under Experimental Legal Framework

Russia’s central bank has introduced a proposal to allow a select group of investors to trade Bitcoin (BTC) and other cryptocurrencies under a three-year experimental legal regime. This initiative aims to regulate crypto investments, enhance market transparency, and establish industry standards for digital asset services.

3-Year Crypto Investment Plan for Qualified Investors

On March 12, 2025, the Bank of Russia announced plans to permit a “limited circle of Russian investors” to trade cryptocurrencies. This decision aligns with a directive from President Vladimir Putin, aiming to explore regulated digital asset investments.

To participate in this crypto trading experiment, investors must meet strict financial criteria:
✔ Investment Portfolio – Over 100 million rubles ($1.14 million).
✔ Annual Income – Above 50 million rubles ($570,000).
✔ Institutional Participation – Companies already meeting existing qualification standards.

This move seeks to expand opportunities for experienced investors while maintaining compliance with Russia’s financial regulations.

Retail Crypto Transactions Still Banned

Despite the experimental regime, the Bank of Russia maintains a strict ban on retail cryptocurrency payments. The central bank warns investors about the high volatility and risks associated with digital assets, emphasizing that crypto investments are not protected under any jurisdiction.

Additionally, crypto transactions outside the designated framework remain illegal, with the central bank suggesting penalties for non-compliance.

Russia’s Expanding Crypto Regulations

This proposal is part of Russia’s broader efforts to integrate blockchain technology into its financial system. In 2024, the State Duma passed two bills legalizing crypto mining and introducing an experimental framework for cross-border settlements.

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