Russian President Vladimir Putin signed a law on Aug. 4 that, for the first time, introduces comprehensive regulation over the circulation of digital currencies and digital rights inside Russia, according to TASS. The law sets an operating framework for crypto exchanges, digital custodians, and other market participants, while also covering crypto mining and the issuance and circulation of digital financial assets, or DFAs. Under the law, crypto exchanges must be entered into a special register to operate, with a transition period running until July 1, 2027, and a minimum registered capital requirement of 15 million rubles, or about $187,000. Russia will continue to ban the use of cryptocurrency to pay for goods and services domestically, though it permits its use in cross-border trade settlements and for mining proceeds. The law also sets an annual purchase cap of 300,000 rubles, or about $3,700, per intermediary for non-qualified investors, while qualified investors face no such limit. Banks are authorized to freeze funds tied to suspected unauthorized crypto transactions. Core provisions are set to take effect on Sept. 1, 2026, with additional clauses to be rolled out on July 1, 2027 and Sept. 1, 2027.
Russian President Vladimir Putin signed a law on Aug. 4 that for the first time places the circulation of digital currencies and digital rights in Russia under comprehensive regulation, according to TASS.
The law creates an operating framework for crypto exchanges, digital custodians, and other market participants. It also regulates crypto mining and the issuance and circulation of digital financial assets, or DFAs.
Main provisions
Under the new rules, crypto exchanges must be included in a special register before they can operate. The transition period runs until July 1, 2027. The minimum registered capital requirement is 15 million rubles, or about $187,000.
The law keeps in place the domestic ban on using cryptocurrency to pay for goods and services. At the same time, it allows crypto to be used for cross-border trade settlements and for mining proceeds.
For investor access, non-qualified investors will face an annual purchase limit of 300,000 rubles, or about $3,700, at each intermediary. Qualified investors are not subject to that cap.
The law also gives banks the authority to freeze funds linked to suspected unauthorized cryptocurrency transactions.
Implementation timeline
Core provisions of the law will take effect on Sept. 1, 2026. Some clauses will be implemented in stages on July 1, 2027 and Sept. 1, 2027.
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