Key facts
- Russia has enacted its first comprehensive law governing digital currencies.
- President Vladimir Putin signed the legislation.
- The law establishes rules for exchanges, custodians, and investors.
- Core provisions of the law become effective on September 1, 2026.
- The use of crypto for payments remains banned in Russia.
Russia has officially enacted its inaugural comprehensive law dedicated to the regulation of digital currencies. President Vladimir Putin has signed the legislation, which aims to establish a clear framework for various participants in the cryptocurrency market, including exchanges, custodians, and investors. The core provisions of this new law are scheduled to become effective on September 1, 2026. Despite the introduction of these regulatory measures, the law explicitly maintains the ban on using cryptocurrencies for payment purposes within the country. This development marks a significant step for Russia in defining its stance on digital assets, moving towards a more structured approach to their governance and operation.