Russia Set to Introduce Comprehensive Crypto Regulation

Russia is taking steps towards comprehensive regulation of the crypto market. A major bill submitted in April aims to bring order to the industry, which has previously been subject to fragmented rules and patchwork regulations.

The new legislation defines key concepts such as 'digital currency,' 'digital financial assets,' and 'foreign digital rights.' It also outlines the circle of persons who can organize the circulation of digital currency and digital rights.

From July 1, 2026, individuals and companies will be able to buy cryptocurrency legally, but only through licensed intermediaries such as registered exchangers, brokers, and trustees. Full mandatory use of these intermediaries begins on July 1, 2027.