Russia will allow major cryptocurrencies such as Bitcoin, Ethereum, and Solana into its market.

Techub News reports, according to Cryptopolitan, the Legislative Activities Committee of the Russian government has approved a bill regulating cryptocurrency transactions, which will allow domestic crypto exchanges to list digital assets with the largest market capitalization and trading volume. According to the bill, cryptocurrencies approved for trading must meet the criteria of having an average market capitalization exceeding 5 trillion rubles (approximately $60 billion) over the past two years, an average daily trading volume of at least 1 trillion rubles (approximately $12 billion), and a trading history of at least five years. Mainstream cryptocurrencies such as Bitcoin, Ethereum, and Solana meet these standards.

The bill grants the Russian Central Bank the authority to determine the list of digital assets allowed for circulation and authorizes financial intelligence agencies to blacklist specific cryptocurrencies; privacy coins will be prohibited from trading. Cryptocurrencies and stablecoins are recognized as "monetary assets," and the annual investment amount for ordinary Russian citizens will be limited to below $4,000. The bill also stipulates that non-compliant crypto exchanges may face fines of up to 1 million rubles, illegal mining entities may be fined up to 2.5 million rubles, and large-scale illegal mining could result in imprisonment of up to five years.