The new law introduces formal rules for cryptocurrency exchanges, custodians and intermediaries operating in Russia while aiming to integrate digital assets into the country’s financial system under government supervision. Retail investors who pass a mandatory suitability test will be permitted to purchase up to 300,000 rubles, approximately $3,700, in cryptocurrencies per year.
No purchase limit will apply to individuals classified as qualified investors. Retail participants may also obtain qualified investor status based on their transaction history and other specified criteria. Cryptocurrency exchanges will be required to register in a special government registry and maintain minimum equity capital of 15 million rubles.
The use of cryptocurrencies as a domestic payment method will remain prohibited, although crypto payments will be officially permitted in foreign trade contracts. Most provisions will take effect on September 1, 2026, while existing exchanges will have until March 1, 2027, to comply with the new regulatory requirements.
