The analyst called the advantages of legalizing the acquisition of cryptocurrencies

The introduction of a limit of 300 thousand rubles per year per investor when buying cryptocurrencies will not be able to fully protect businessmen from losses, however, it reflects the recognition by the regulator of the scale and reality of the crypto market. Igor Rastorguev, a leading analyst at AMarkets, told Izvestia on December 24.

According to him, cryptocurrency remains a highly volatile instrument. So, in October of this year alone, against the background of a sharp drop in the market, more than 1.6 million trading accounts worldwide were liquidated. However, it is no longer possible to ignore the crypto market.

"Russians have already invested about $25.4 billion in digital assets, and the volume of transactions from July 2023 to June 2025 reached $376.3 billion, which is the highest among European countries. It would be simply unwise to ignore such figures," the analyst stressed.

The expert also positively assessed the idea of mandatory testing of investors before admission to operations with cryptocurrency. International practice shows that the lack of a basic understanding of risks leads to massive losses of funds.

Russia, according to Rastorguev, is moving in a similar direction, albeit belatedly. The legislative framework for regulating the crypto market should be formed by July 2026, and from July 2027 it is planned to introduce responsibility for illegal activities in the field of digital assets, similar to illegal banking.

Figure of the day: the volume of trading in crypto futures on the Moscow Stock Exchange has reached a record

This is the absolute maximum since the launch of the contracts.

The legalization of cryptocurrencies, according to the expert, will allow to withdraw some of the capital from the gray zone and increase market transparency. The creation of a legal infrastructure will be a logical step towards integrating digital assets into the national financial system, especially against the background of sanctions pressure and the search for alternative channels for international settlements.

At the same time, Rastorguev stressed that cryptocurrencies still do not have government guarantees and are subject to sharp fluctuations. In the fall, the market faced serious problems — infrastructure failures, difficulties with stablecoins and manipulations in low-liquid segments. However, the subsequent recovery, largely due to institutional investors, indicates a gradual maturation of the market.

"It is important for Russia not to miss the moment and build regulation in such a way as to protect citizens from outright fraud, but at the same time not to stifle technological development. The balance is difficult, but achievable if you look at international experience and don't try to reinvent the wheel," the analyst concluded.

On December 23, the Bank of Russia proposed allowing qualified and unskilled investors to purchase crypto assets, while each category will have its own rules — in particular, inexperienced investors will have to undergo testing and will be able to buy cryptocurrencies worth up to 300 thousand rubles per year from one intermediary.

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