Russia's Central Bank Unveils New Crypto Rules to be Adopted in 2026
The Bank of Russia has proposed a comprehensive framework to legalize and regulate cryptocurrency trading for both individuals and institutions, aiming for adoption by 2027. Under the new rules, ordinary Russian citizens will be able to buy and sell crypto through regulated platforms, with nonqualified investors limited to 300,000 rubles per intermediary annually after passing a risk-awareness test. Qualified investors can trade without volume caps but must complete a knowledge assessment.
Privacy-focused cryptocurrencies that conceal transaction data will remain prohibited. Digital currencies and stablecoins are recognized as monetary assets, which can be bought and sold but are not allowed for domestic payments.
The framework grants legal status to crypto services operated by existing Russian financial firms under current licenses and establishes rules for custodians and wallet providers. It also permits foreign crypto purchases, subject to tax reporting and transfer to domestic platforms.
Additionally, the regulations support broader use of Russian-issued digital financial assets (DFAs), allowing their circulation on public networks with potential access for foreign investors.
The Bank of Russia cautioned that crypto investments carry inherent risks, including the potential loss of funds.
