--- title: 'Crypto Is Being Legalized in Russia' source: 'https://youtube.com/watch?v=0w2C9EDCCpM' video_id: '0w2C9EDCCpM' date: 2026-07-31 duration_sec: 174 --- # Crypto Is Being Legalized in Russia > Source: [Crypto Is Being Legalized in Russia](https://youtube.com/watch?v=0w2C9EDCCpM) ## Summary The video discusses Russia's new cryptocurrency legalization framework, which requires purchases through Central Bank-controlled intermediaries and imposes strict limits for ordinary investors. It explains how qualified investor status can bypass these limits and predicts that many users will still circumvent the rules. ### Key Points - **Crypto legalized with state-controlled intermediaries** [00:02] — Cryptocurrency in Russia will only be purchasable through Russian intermediaries supervised by the Central Bank, introducing reporting to brokers and tax authorities. - **Central Bank registries for operators and depositories** [00:15] — The regulator will maintain registries of operators and depositories that store and record crypto assets, meaning every purchase is linked to the buyer. - **Purchase cap for regular investors** [00:28] — Ordinary investors can only buy the largest liquid cryptocurrencies after testing, with a maximum of 300,000 rubles per year per intermediary. - **Qualified investors get broader access** [00:42] — With qualified investor status, almost any cryptocurrency can be bought without limits, except anonymous coins that hide transfer details. - **Transfers abroad likely blocked** [00:56] — The speaker predicts that money spent on crypto will not be transferable abroad, though implementation is unclear. - **How to become a qualified investor** [01:09] — Options include having 24 million rubles in an account, trading at least 6 million rubles over four quarters with a set number of transactions, or holding relevant experience, education, or an FSFR certificate. - **FSFR certificate route** [01:38] — A certificate from the Federal Service for Financial Markets (FSFR) can also grant qualified investor status. - **Little change for ordinary people** [01:52] — For non-qualified investors, little changes immediately, and the speaker believes most will bypass the restrictions anyway. - **Warning against unofficial instructions** [02:05] — The speaker jokingly warns that giving instructions on buying crypto without qualified status could be treated as scamming. - **Anecdote about exchange office** [02:18] — The speaker recounts an odd experience at a crypto exchange office and notes that crypto is being used to send money abroad, which the state wants to stop. ## Transcript cryptocurrency in Russia. True, there is one nuance to the new system. Cryptocurrency can only be purchased through Russian intermediaries, which, of course, will be controlled by the Central Bank. The regulator will reportedly create registries of operators and depositories that will store and record your crypto assets. This means that between you and your bitcoins, there will be reporting from a Russian broker and, of course, the Russian tax authorities. But here's where the most interesting thing comes in, because purchase limits appear. A regular investor, that is, you, not a quasi-investor, will only be allowed to buy the largest liquid cryptocurrencies after testing and for a maximum of 300,000 rubles. per year through each intermediary. But if you have qualified investor status, you can buy almost any cryptocurrency without restrictions, except, of course, anonymous coins that hide information about transfers. Here, however, a nuance will also appear . I predict to Vanya that most likely this money will not be able to be transferred abroad. Well, let's see how this will be implemented. Well, this begs the question: how can one become such a valuable investor? Well, the easiest way is to have some money in the account, namely 24 million rubles. There is another alternative, if you don’t have this money, but you are holding on, you need to trade an amount of at least 6 million rubles. for four quarters, while making a certain number of transactions. Either you may have the necessary experience in the financial market, or education, or a certificate. You can obtain a certificate from the Federal Service for Financial Markets, the so-called FSFR, and with it, gain qualified investor status. In general, for ordinary private individuals who are not qualified investors, nothing is changing now. It's clear that cryptocurrency will simply pay out more, but the lion's share of people will likely continue to use it, circumventing these restrictions. Let's see how the Central Bank will implement all this. But it's clear he 'll be much more of a scammer if you write instructions on how to buy cryptocurrency, or tell him which cryptocurrency to buy without Aqua Investor status. In general, get ready, comrades. On the other hand, I even understand the Central Bank to some extent. Let me just tell you my story. I decided to buy myself some cryptocurrencies. I come to the exchange office in . And, you know, it’s not some kind of famous person. I looked at him and said: "Hello." He says, man doing there, sir? Well, he clearly was n't sending the money there for the election campaign, maybe some personal questions, I don’t know. But you understand that the situation is, to put it mildly, strange. And given that at a time like this, money is simply being sent abroad using cryptocurrency, of course, this couldn't continue for long. Moreover, our government even gets into our underwear and tries to control our sexual life. What can we say about cryptocurrency? Subscribe.