Russia Caps Crypto Buys for Non-Qualified Investors at 300,000 Rubles

Bill 1194918-8 sets a 300,000 ruble limit for non-qualified crypto buyers, effective Sept 1 with digital ruble launch, citing risk protection.

Woofun AI reports that Bill No. 1194918-8 establishes a purchase cap of 300,000 rubles, roughly $3,800, for non-qualified investors in cryptocurrencies, while qualified investors face a limit ten times higher. The legislation, scheduled to take effect on September 1 alongside the digital ruble launch, aims to shield retail participants from market volatility and potential asset seizures linked to foreign jurisdictions. Central Bank Governor Elvira Nabiullina clarified that the Russian crypto ecosystem remains open, with no restrictions on repatriating or transferring digital assets abroad, though such assets fall outside Russian legal protection once moved.