Russia enacts legislation regulating crypto exchanges and investors, capping retail purchases at $3,700 annually per intermediary.
Russian President Vladimir Putin signed a law establishing a regulated framework for cryptocurrency markets, with core provisions effective September 1, 2026. The legislation outlines rules for exchanges, brokers, custodians, and other crypto service providers, requiring operators to meet regulatory standards and join self-regulatory organizations.
Retail investors face an annual cap of 300,000 rubles ($3,700) per intermediary for approved crypto assets, while qualified investors face no such restrictions. The law maintains a ban on using cryptocurrencies for domestic payments. Additional measures, including rules for non-resident digital depositories, will take effect on July 1, 2027.
The Bank of Russia will oversee the regulated crypto market under the new law, which was approved by the State Duma in late July.