Russia's cryptocurrency law has been delayed and is now expected to enter into force on September 1, two months later than initially planned. The legislation, which will allow Russian citizens and businesses to legally transact with cryptocurrencies, was supposed to be enforced by July 1, but amendments and approval procedures are causing the delay.
The draft law, which recognizes cryptocurrencies as 'monetary assets' and regulates their turnover in Russia's economy, is based on a new regulatory concept released by the Central Bank of Russia (CBR) in December 2025. The framework introduces restrictions such as an annual 300,000-ruble purchase limit for ordinary Russians.
The law will also require crypto transactions to be conducted exclusively through licensed intermediaries like exchanges, brokers, trustees, and depositories registered with the CBR. Major players in the Russian financial market are already prepared to take this step, with some even planning to commence cryptocurrency operations by the end of the year.
Representatives of Russia's central bank are currently in dialogue with their Belarusian counterparts to maintain Russian access to the Belarusian infrastructure. The first regulated crypto transactions are expected to take place by early 2027, depending on how ready market participants are to launch specific products and services.