Crypto Regulation 2026: What Is Happening in Russia?

Core framework

In April, Russia submitted a major bill to regulate digital currencies, marking a shift toward a fully structured crypto framework after years of partial measures like recognizing crypto as property and legalizing mining.

After several years of targeted steps – recognizing cryptocurrency as property, legalizing mining, and launching a limited experiment by the Central Bank – Russia is moving toward comprehensive regulation of the crypto market.

The bill defines, among other things, the concepts of "digital currency," "digital financial assets," "foreign digital rights," "digital account," "digital currency mining," "mining pool," and others.

It also specifies the circle of persons who can organize the circulation of digital currency and digital rights.

From July 1, 2026, individuals and companies will be able to buy cryptocurrency legally, but only through licensed intermediaries such as registered exchangers, brokers, and trustees. Full mandatory use of these intermediaries begins on July 1, 2027.

Only large cryptocurrencies will qualify for public trading, requiring an average market capitalization above $55–60 billion (converted from 5 trillion rubles). Crypto payments in Russia remain prohibited, but businesses can use crypto for foreign trade settlements.

A digital depository system will be created to store and account for crypto assets, operating similarly to securities accounts.

Russian citizens must purchase crypto via licensed platforms, with assets stored in official digital accounts. Non-qualified investors must pass a test, accept risk disclosures, and may face annual limits. Qualified investors face fewer restrictions.

Withdrawals are only allowed to licensed foreign platforms, not private wallets. Authorities may also impose limits or block outflows entirely. Legal protection for crypto held in Russia requires tax disclosure.

Mining and P2P transactions

Mining is legal for registered businesses and certain individuals within energy limits. People with serious criminal records are excluded.

Peer-to-peer (P2P) crypto trading, currently common in Russia, will be gradually restricted:

• From 2026, suspicious payments can be blocked.
• From 2027, P2P trading with Russian bank cards becomes illegal.

Foreign trade and AML

Crypto exchange businesses must register if their monthly turnover exceeds about $38,000 (3.5 million rubles). Only Russian entities can operate legally, under strict Central Bank oversight.

Companies and entrepreneurs can use crypto for international transactions without needing special experimental regimes. They can also purchase crypto domestically for this purpose, making foreign trade the most flexible use case under the law.