Canceling the mandatory address declaration is a concession, but with an annual limit of 300k rubles, a single intermediary, and high liquidity thresholds, retail investors are essentially locked in a cage; institutional channels are the main event.

According to Bit Media, the Russian State Duma's Financial Market Committee has approved the final version of the cryptocurrency regulation bill, which will proceed to the second reading. The revised draft removes the previous requirement for mandatory reporting of crypto wallet addresses, instead only requiring the disclosure of balances and transaction flows, aimed at reducing the risk of sensitive information leakage. Additionally, the bill adds provisions allowing the legal use of cryptocurrencies to purchase stocks and Russian Digital Financial Assets (CFA), and plans to permit regulated Russian brokers and asset managers to trade through compliant overseas trading platforms in the future. For non-professional investors, the draft sets an annual transaction limit of 300k rubles, limited to trading only "high-liquidity" cryptocurrencies through a single intermediary. The bill also introduces a mandatory 48-hour freeze on large transfers to overseas or third parties.