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Russia declares BTC, ETH, XRP legal property with trading limits for retail investors.

Market News
21 Jul 2026
Dailycoin
View Source
Bullish
Russia declares BTC, ETH, XRP legal property with trading limits for retail investors.

Russia's State Duma has passed a law recognizing major cryptocurrencies like Bitcoin, Ethereum, and XRP as legal property, allowing their use in commercial and cross-border transactions. Retail investors face an annual purchase cap of 300,000 rubles ($3,800), while a knowledge test can raise this limit to 3 million rubles. The law removes wallet disclosure requirements but keeps oversight by the Bank of Russia, effective September 1, 2026, signaling Russia's regulated approach to crypto amid Western sanctions. This move aligns with global trends as countries like Japan also formalize crypto regulations for financial use.

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