Russia Tightens Crypto Regulations with Stricter Oversight and Limits on Retail Access

Russia's Finance Ministry has taken significant steps towards regulating the country's cryptocurrency market with a new package of draft bills.

The framework, which aims to formalize crypto markets by routing all domestic trading through licensed intermediaries, introduces stricter oversight and limits direct retail participation. Transactions involving digital currency without regulated intermediaries will be prohibited under the new regulatory framework, which prioritizes supervision and capital tracking over market expansion.