Russia will allow major cryptocurrencies such as Bitcoin, Ethereum, and Solana to enter its market

ZkProver · 2026-03-24T01:05:22+00:00

The Russian government has approved a bill regulating cryptocurrency trading. It permits trading of digital assets with large market capitalization and trading volume, such as Bitcoin and Ethereum. The bill limits citizens' annual investment to $4,000, with trading violations subject to fines, and illegal mining punishable by up to five years imprisonment.

ZkProver

2026-03-24 01:05:22

Abstract generation in progress

ChainCatcher reports that, according to Cryptopolitan, the Russian government’s Legislation Activity Committee has approved a bill regulating cryptocurrency trading, allowing the country’s exchanges to list the largest market cap and trading volume digital assets.

Under the bill, cryptocurrencies approved for trading must have an average market cap exceeding 5 trillion rubles (about $60 billion), an average daily trading volume of at least 1 trillion rubles (about $1.2 billion), and at least five years of trading history. Mainstream cryptocurrencies like Bitcoin, Ethereum, and Solana meet these standards. The bill grants the Central Bank of Russia the authority to determine the list of permissible digital assets for circulation and authorizes financial intelligence agencies to blacklist certain cryptocurrencies, with privacy coins being banned from trading.

Cryptocurrencies and stablecoins are classified as “monetary assets,” and the annual investment limit for ordinary Russian citizens will be capped at $4,000. The bill also stipulates that violating crypto exchanges could face fines of up to 1 million rubles, illegal mining entities could be fined up to 2.5 million rubles, and large-scale illegal mining may result in up to five years of imprisonment.

BTC4.3%

ETH6.05%

SOL6.45%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes