Russia has approved a new set of cryptocurrency regulations, imposing an annual purchase limit of 300,000 rubles (approximately $3,300) for non-accredited investors per platform. These purchases are restricted to highly liquid digital assets listed by the central bank and require a testing process. Accredited investors will also undergo testing but face no monetary limits. The regulations permit transactions through regulated intermediaries while prohibiting those without intermediaries. Russian citizens can buy cryptocurrencies abroad using overseas accounts, with mandatory reporting to tax authorities. Administrative penalties will focus on exchange institutions rather than individual investors. The bills will be submitted to the State Duma for review shortly.