Russia Duma Rejects Crypto Easing, Keeps 300,000 Ruble Retail Limit
2026-07-17 09:30

Woofun AI reports that the Financial Market Committee of the Russian State Duma has advised rejecting amendments designed to relax cryptocurrency transaction regulations. The committee opposes increasing the annual retail purchase limit through a single intermediary from 300,000 rubles to 600,000 rubles and rejects expanding the list of tradable assets beyond Bitcoin and Ethereum. Additional rejected proposals include allowing non-custodial wallets, removing mandatory consent requirements from digital depositories, and mandating insurance against hacking risks. The legislation preserves depository authority to inspect and freeze transactions, with final approval postponed from July 1st to September 1st.

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