Russia is set to allow major cryptocurrencies like Bitcoin, Ethereum, and Solana to enter its market

Russia's New Crypto Law: Only Top Assets Like Bitcoin, Ethereum, Solana Can List—Privacy Coins Banned

Russia is setting strict rules for crypto. A new law gives the central bank authority to approve digital assets for circulation, with a high bar for listing: market cap above $60 billion, daily volume over $12 billion, and at least five years of trading history. Bitcoin, Ethereum, and Solana make the cut. Privacy coins? Blacklisted—no trading, no holding.

Retail investors face a $4,000 annual cap. Crypto and stablecoins are now classified as "monetary assets." Violators could see steep fines: up to $12,000 for exchanges, $30,000 for miners, and up to five years in prison for large-scale illegal mining. The law needs parliamentary approval by July 1, 2026. Russia is building a tightly controlled crypto market—only for the biggest players.