Russia Unveils Unified Crypto Framework with Stricter Regulations

Russia is taking a significant step towards regulating its crypto market with the introduction of a unified framework. The new rules aim to bring order to the industry, which has been governed by fragmented laws and regulations in the past.

The framework defines key terms such as 'digital currency' and 'foreign digital rights,' and outlines the requirements for licensed intermediaries who will facilitate transactions. From July 1, 2026, individuals and companies will be able to buy cryptocurrency through these intermediaries, but only if they are registered with the authorities.

The rules also impose restrictions on peer-to-peer trading, which will become increasingly restricted from 2027 onwards. However, businesses will still be allowed to use crypto for foreign trade settlements, making this a key use case under the new law.