Russia's cryptocurrency regulation plan is scheduled to be introduced in July this year for lawmakers to vote on.

PANews January 29 News, according to DL News citing the Russian Parliament Gazette, Moscow will introduce Russia’s cryptocurrency regulation policy in July, allowing retail and institutional investors to purchase Bitcoin before mid-2027. Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, stated that a comprehensive legislative framework will be ready by the end of June for voting by State Duma deputies. If approved, the bill will come into effect on July 1, 2027. Aksakov said that the bill will include regulatory provisions for cryptocurrency exchanges, and unregistered cryptocurrency exchange operators may face fines or imprisonment, similar to Russia’s laws against illegal banking activities. According to the plan, retail investors will need to pass a qualification test to trade cryptocurrencies and may be subject to an annual purchase limit of $4,000. The central bank is expected to develop a whitelist of cryptocurrencies available for retail trading, possibly including mainstream assets like Bitcoin and Ethereum; qualified investors will be able to trade tokens outside the whitelist.