The new law on digital currency will provide Russian companies with broad opportunities for cross-border crypto settlements. Legal entities will be able to use Russian and foreign infrastructure, any wallets, cryptocurrencies, and stablecoins, said Anatoly Aksakov, head of the State Duma Committee on Financial Markets.
An intermediary will not be mandatory. Businesses will be able to conduct settlements through regulated exchanges and exchangers or directly. Buying digital currency abroad will also not be prohibited, but operations from foreign accounts will have to be disclosed to the Federal Tax Service.
For ordinary investors, the rules will be stricter. Non-qualified clients will be allowed to buy Bitcoin, Ethereum, USDT, and other assets from the Bank of Russia's "white list" – no more than 300,000 rubles per year through each intermediary. Qualified investors will be able to acquire digital currencies without such restrictions.
At the same time, official crypto exchangers, digital depositories, and other regulated participants will appear on the market. Brokers and management companies are expected to be allowed to work with foreign crypto exchanges in the future.
The law also moves digital financial assets beyond closed platforms. They will be able to be issued on open networks, sold through brokers, and admitted to organized trading. According to the authors' plan, the crypto market should emerge from the gray zone and integrate into the familiar financial system.