Following its central bank's late 2025 proposal on retail investor limits and digital ruble rollout, Russia plans to implement cryptocurrency regulations in 2027, capping retail investments at $4,000 annually. This reflects growing regulatory diversity across Asia.
Russia's cryptocurrency regulations, initially detailed in the central bank's December 2025 proposal, are now targeted for 2027 implementation. Key measures include limiting non-qualified retail investors to $4,000 (300,000 rubles) per year per intermediary, focusing on liquid assets like Bitcoin and Ethereum.
This builds on the experimental framework enabling crypto trading on Moscow Exchange (MOEX) and St. Petersburg Exchange (SPB), alongside the digital ruble's phased introduction starting September 2026.
In comparison, Kazakhstan is exploring a national crypto reserve using seized assets, while South Korea's Bank of Korea warns of capital flight risks from Korean won stablecoins. South Korea also debates allowing domestic institutions to issue virtual assets to retain liquidity.
Hong Kong's Secretary for Financial Services Christopher Hui Ching-yu highlighted ongoing virtual asset regulatory progress. These contrasting strategies—from Russia's restrictions to potential integrations—illustrate Asia's varied management of cryptocurrency growth.
