Russian President Vladimir Putin signed a new law establishing a regulatory framework for cryptocurrency markets. The legislation, which includes rules for exchanges, custodians, and investors, will see its core provisions take effect on September 1, 2026, while maintaining a ban on using crypto for payments within Russia.
This law marks a significant step in Russia's approach to cryptocurrency, moving towards a regulated market structure while maintaining restrictions on payments and retail investor access, which could impact adoption and innovation within the country.
Russian President Vladimir Putin has signed a new law establishing a regulated framework for cryptocurrency markets in Russia. The legislation, officially titled “On Digital Currencies and Digital Rights,” was signed into law on Tuesday, according to official records from the State Duma. The law sets forth rules for various crypto market participants, including exchanges, brokers, custodians, and other service providers. Crypto exchange operators must adhere to regulatory requirements and join a financial market self-regulatory organization. Retail investors will be restricted to purchasing only approved crypto assets through intermediaries, with an annual limit of 300,000 rubles ($3,700) per intermediary. However, qualified investors will be permitted to buy any cryptocurrency without these limitations. The core provisions of the law are set to take effect on September 1, 2026, while certain measures, such as rules for non-resident digital depositories, will be implemented on July 1, 2027. The legislation also reaffirms the existing ban on using crypto assets for payments for goods and services within Russia. The Bank of Russia has been designated to oversee the regulated crypto market, issue relevant rules, and determine which crypto assets licensed intermediaries are allowed to offer.