Russia go finalise crypto law by June; retail limits, whitelist and ban on privacy-coin go start from July 1, 2027

Russia State Duma go finish one comprehensive crypto bill by end of June, and the regulatory regime go start on July 1, 2027. The package go set rules for issuance, mining and circulation of digital assets but e go still ban make people use crypto for domestic payments. Central Bank earlier proposals classify digital currencies and stablecoins as tradable “currency values” but dem wan keep power to approve small whitelist of assets wey fit trade plenty — dem dey expect BTC and ETH and maybe SOL or TON go dey the list. Retail investors go face tighter entry rules: dem fit only buy the most liquid tokens after dem pass suitability (risk/knowledge) test and dem fit get proposed retail purchase cap (report say e around 300,000 rubles). Other tokens go be restricted to qualified investors wey must do mandatory testing. Privacy coins like Monero, Zcash and Dash go banned from wide trading and AML-compliant activity. Intermediaries go get stronger compliance duties and new administrative, financial and maybe criminal penalties for illegal crypto operations, and illegal activity go be treated like illegal banking. Miners fit formalise operations under the new framework. Legislative progress fit reach first reading next month. Key implications for traders: reduced retail inflows from capped retail purchasing, liquidity go concentrate into central-bank-approved whitelist (boost BTC/ETH liquidity), less onshore availability for privacy coins, and higher compliance and enforcement risk for domestic exchanges and brokers.