Russia Crypto Regulation Bill Set for June Vote, Bitcoin Access Coming by 2027

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Russia is moving closer to passing its most detailed crypto law so far, as lawmakers prepare to vote on a long-awaited regulation bill aimed at reducing the country’s dependence on the U.S. dollar.

The proposal aims to control crypto trading, limit retail exposure, and allow stablecoins for global trade, with full implementation planned for mid-2027.

Russia Crypto Regulation Bill Heads for June Vote

According to Anatoly Aksakov, chair of the Financial Market Committee in the Russian State Duma, confirmed that the crypto regulation bill is set for a vote by late June. If passed, it would take effect on July 1, 2027, finally giving Russia clear rules for crypto trading.

Under the proposed law, all crypto exchanges would need to register and follow strict rules. Platforms operating without approval could face large fines or even prison time, similar to penalties for illegal banking activity.

Retail investors would face new limits. Before buying crypto, individuals must pass a qualification test. Even then, annual purchases would be capped at 300,000 rubles, or about $4,000/year. Lawmakers say this is meant to protect small investors from heavy losses.