The State Duma proposes to soften the bill on cryptocurrency legalization.

The Financial Markets Committee has sent amendments to the Ministry of Finance for the second reading of bill No. 1194918-8. Key proposals:

• legalize P2P cryptocurrency-to-cash exchange between individuals (limit: 600,000 rubles per transaction);
• allow withdrawal of assets from the digital depository to non-custodial wallets;
• raise the minimum monthly purchase limit for unqualified investors to 600,000 rubles (the Ministry of Finance had previously discussed 300,000 rubles per year);
• expand the list of tradable assets to include native blockchain tokens (SOL, TRX, and others)—without these, transactions with stablecoins are impossible;
• differentiate between cryptocurrency and stablecoin—USDT and USDC do not formally fall under the current definition of “digital currency”;
• transfer AML oversight to certified operators using KYT methodologies.

The bill was adopted in the first reading on April 21. Starting July 1, 2026, citizens will be able to legally buy cryptocurrency through licensed intermediaries; a complete ban on P2P transactions without an intermediary will take effect on July 1, 2027.