PANews reported on June 8th that, according to Crypto Briefing, the Central Bank of Russia has rejected a proposal to immediately expand access to cryptocurrencies, prohibiting non-accredited investors from trading cryptocurrencies other than Bitcoin, Ethereum, and USDT. Deputy Governor Vladimir Chistyukhin stated that only these three mainstream digital currencies will be allowed to trade under the new regulations. Chistyukhin pointed out that the high volatility of cryptocurrencies, market risks, and the potential restrictions or freezes on stablecoins are the reasons for maintaining strict limits.

These rules are part of Russia's digital currency legislation, which is expected to take effect next month after the State Duma overwhelmingly passed its first reading in April. The regulator also intends to maintain the proposed 300,000 ruble investment cap. As part of the proposed rules, both qualified and unqualified investors will be required to pass a mandatory knowledge test before purchasing any digital assets, and unlicensed cryptocurrency lending will be prohibited from 2027. The bill still needs to pass a second and third reading, approval by the Federation Council, and signature by the president to become law.