Russia is pushing forward with an important cryptocurrency legal reform. According to reports, Anatoly Aksakov, chairman of the State Duma Committee on Financial Market, revealed that a key bill has been completed and is scheduled to be discussed during the spring session.

The core goal of this bill is clear— to separate cryptocurrencies from the existing special regulatory framework and gradually integrate them into the daily economic life of the Russian people. More specifically, the new law will allow ordinary investors to buy and hold crypto assets, but with certain protective restrictions for non-professional investors. The total purchase amount for individuals cannot exceed 300,000 rubles, to mitigate risks. For professional financial market participants, there are no such limits, and they can operate freely according to market demand.

It is noteworthy that the bill also involves cross-border applications of cryptocurrencies. Russia plans to incorporate digital assets into the international settlement system, allowing cryptocurrencies issued in Russia to flow into other countries' markets. This means that cryptocurrencies may play a larger role in cross-border payments and trade settlements.

Overall, this legislative push reflects Russia’s attitude adjustment towards digital financial assets. Moving from strict regulation to practical application, it provides market participants with more operational space. The State Duma will accelerate the legislative process related to digital financial assets and cryptocurrencies during the spring session, and it is expected to be a phased and rhythmic policy implementation.