Updated: 2026-05-16
- Lawmakers have proposed amendments to the law on cryptocurrencies.
- Authorities may legalize peer-to-peer trading of digital assets.
- MPs also want to allow more cryptocurrencies into the regulated market.
State Duma Committee on Financial Markets sent A package of amendments for the second reading of the bill “On Digital Currency and Digital Rights” was submitted to the Ministry of Finance. The main proposal is to legalize P2P cryptocurrency trading between individuals, including cash transactions. The amendments were proposed by LDPR deputy Dmitry Novikov.
Currently, the bulk of cryptocurrency purchases and sales by Russians occur through P2P platforms, but they remain in a gray area. The amendments propose exempting such transactions from the ban and setting a limit of 600,000 rubles per transaction.
The current version prohibits payment for goods and services with cryptocurrency, but does not regulate direct P2P exchange of cryptocurrency for cash between individuals. The amendment legalizes such exchanges as an exception to the general prohibition, the rationale for the amendments states.
The deputies also propose allowing the withdrawal of cryptocurrency from the digital depository to non-custodial (personal) wallets, and expanding the white list of permitted assets (including TRON, Solana and other tokens), increase the limit for non-qualified investors to 600 rubles per month, and introduce separate definitions for cryptocurrencies and stablecoins.
Bill passed its first reading at the end of April 2026. The final version is expected to be adopted and enter into force by July 1, 2026.
According to the Ministry of Finance, the daily volume of crypto transactions by Russians exceeds 50 billion rubles. Legalizing P2P will help bring a significant portion of the market out of the shadows.
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