The Central Bank of Russia has outlined a law adopted by the State Duma that creates a regulated framework for cryptocurrency circulation in Russia, with effect from 1 September 2026. Under the law, both non-qualified and qualified investors will be able to transact in cryptocurrencies through intermediaries, while cryptocurrency payments will remain prohibited within Russia. The framework also extends to foreign stablecoins. Non-qualified investors will be allowed to buy the most liquid cryptocurrencies for up to RUB 300,000 a year through one intermediary after passing a test. Qualified investors must also pass the test, but they may buy and sell any cryptocurrencies without an amount limit. The new market structure will include existing financial institutions as well as crypto exchanges and digital repositories, with transactions possible through brokers, management companies and organized trading platforms. Investors will also be able to exchange cryptocurrencies for securities and digital rights issued under Russian law. For cross-border activity, exporters and importers will be able to use cryptocurrencies without limits, either directly or through intermediaries, using any type of wallet and cryptocurrency. Russian residents will be allowed to transact in cryptocurrencies abroad only through foreign bank accounts, and cryptocurrencies bought in Russia may be transferred abroad only through regulated intermediaries. Crypto holdings recorded abroad must be reported to tax authorities. The law sets a transition period until 1 July 2027 for market participants to obtain licenses and bring operations into line with the new rules. It also expands the framework for Russian digital rights by allowing issuance on public networks in addition to information system operators’ platforms, and by allowing transactions in digital financial assets through intermediaries or organized trading.

Original source Back to tracker