A special recording procedure for certain securities will be in effect until the end of 2025
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19.03.2025
REGULATORY SANDBOX TO BE ESTABLISHED FOR CRYPTOCURRENCY TRANSACTIONS
It is planned to allow a limited group of Russian investors to buy and sell cryptocurrencies. For this purpose, a special experimental legal regime will be established for three years.
Only particularly qualified investors will be able to make cryptocurrency transactions within the experimental legal regime. Citizens will be able to obtain this status if their investments in securities or deposits exceed 100 million roubles or if their income for the previous year was more than 50 million roubles.
Participants in the experiment will be companies that are qualified investors under current legislation.
Regulatory requirements will be set for financial institutions that want to invest in cryptocurrency, taking into account the level and nature of risks of such an asset.
The Bank of Russia proposes to introduce a ban on settlements between residents on transactions with cryptocurrency outside the experimental legal regime, as well as to establish liability for violating the ban.
Outside the experimental legal regime, all qualified investors will be allowed to invest in cash-settled derivatives, securities or digital financial assets that do not provide for the delivery of cryptocurrency to investors, but whose returns are linked to its value.
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