Key facts
- Russia has enacted a new law to regulate cryptocurrency markets.
- The law establishes a regulatory framework for exchanges, custodians, and investors.
- Core provisions of the law take effect on September 1, 2026.
- Cryptocurrency exchanges must obtain licenses under the new law.
- The law maintains a ban on using cryptocurrency for payments within Russia.
- President Vladimir Putin signed the new legislation.
Russia has officially enacted a new law designed to create a regulatory framework for its cryptocurrency markets. President Vladimir Putin signed the legislation, which introduces rules governing exchanges, custodians, and investors. The core provisions of this new law are scheduled to become effective on September 1, 2026. This regulatory overhaul requires cryptocurrency exchanges to obtain licenses and comply with specific operational standards. However, the legislation explicitly maintains the existing ban on using cryptocurrencies for payments within the Russian Federation. This means that while the trading and holding of crypto assets will be regulated, their use as a medium of exchange for goods and services within Russia remains prohibited.