Russia’s central bank has outlined a new regulatory plan for crypto assets aimed at reducing legal uncertainty and building a controlled, supervised market structure.
According to RIA Novosti, the Central Bank of Russia has submitted a comprehensive concept paper on crypto activities to the government. The accompanying draft legislative amendments are designed to clarify the long-standing legal gray areas surrounding digital assets.
Under the proposed plan, the regulatory process will advance in two phases. The first phase will define the legal foundations of crypto activity and specify which operations fall within the scope of the law, with completion targeted for July 1, 2026.
The second phase will introduce liability for unauthorized crypto intermediaries. Starting July 1, 2027, individuals and entities operating without proper authorization will face legal consequences, reflecting Russia’s strategy of bringing crypto activity under tighter supervision rather than imposing an outright ban.
