#РФ #регулирование #Crypto

Bank of Russia has prepared a concept for cryptocurrency regulation

Key proposals from the Bank of Russia:

• Both qualified and non-qualified investors will be able to acquire crypto assets (each category will have its own rules).

• Non-qualified investors will be able to purchase the most liquid cryptocurrencies, for which criteria will be established in legislation, but only after passing a test and within a limit – no more than 300,000 rubles per year through one intermediary.

• Qualified investors will be able to purchase any cryptocurrencies, except anonymous ones (whose smart contracts hide information about token transfers to recipients), with no volume restrictions, but only after passing a risk understanding test.

• Digital currencies and stablecoins are recognized as monetary assets, they can be bought and sold, but cannot be used for payments within the country. The Bank of Russia still considers cryptocurrencies to be high-risk instruments.

• Operations with cryptocurrencies can be conducted through the current infrastructure (exchanges, brokers, and trust managers).

• Separate requirements will be established only for special depositories and exchangers that will work with cryptocurrencies.

• Residents will be able to purchase cryptocurrencies abroad (pay for them from foreign accounts) and transfer previously purchased cryptocurrencies abroad through Russian intermediaries, but such operations will need to be reported to the tax authorities.

The development of the legislative framework will continue until July 1, 2026. From July 1, 2027, citizens will be held responsible for illegal activities of intermediaries.

The Bank of Russia has already submitted proposals for legislative changes for government review.