New Crypto Call
On 23 December 2025, the Bank of Russia submitted a formal legislative proposal to the government, marking a notable softening of its traditionally strict stance on cryptocurrencies. The proposal would permit ordinary retail investors, even those without accreditation, to invest in crypto markets. The full legal framework is expected to be finalised by 1 July 2026.
Conditions and Limitations for Strategy
While the proposal is a step forward, it comes with several restrictions. Investors would be required to go through licensed intermediaries, adhere to an annual investment cap of 300,000 rubles, and pass a mandatory "knowledge test" covering the risks associated with crypto assets. Moreover, investment would be limited to only the most liquid cryptocurrencies, such as Bitcoin—clearly indicating a state preference for Bitcoin over lesser-known assets.
My Point
Despite ongoing regulations, crypto investment in Russia is steadily increasing. Given the economic sanctions from the United States and European Union, it appears Russia is deliberately avoiding further tightening in order to protect its economy. In this context, the Bank of Russia’s proposal seems aimed at integrating Russian Bitcoin investors into a regulated, legal structure—possibly as a strategic move to maintain financial resilience amidst global pressures.
