Russia to Limit Retail Crypto Purchases to $4,000 in New Legal Framework for Digital Assets

Russia is moving to establish a comprehensive legal framework for cryptocurrencies, with a key provision being a proposed cap on retail investments. According to recent reports, the Russian government plans to limit non-accredited investors' annual cryptocurrency purchases to approximately $4,000. This initiative is part of a broader legislative effort to bring digital assets like Bitcoin (BTC) and Ethereum (ETH) into a regulated environment. The proposed cap aims to protect retail investors from high risks associated with the volatile crypto market while formally acknowledging digital currencies. This regulatory step signifies Russia's attempt to balance innovation in the digital finance sector with consumer protection and financial stability. The final legislation is expected to be reviewed and implemented in the coming months, potentially setting a precedent for crypto regulation in the region.