Russia Allows Crypto Transfers Abroad from Sept 1
Starting September 1, Russian individuals, entrepreneurs, and legal entities will be allowed to transfer cryptocurrency abroad for purchasing goods and services, but domestic crypto payments remain banned. The Central Bank of Russia will regulate and monitor these transactions.
Consensus
- Starting September 1, Russian residents can transfer cryptocurrency abroad.
- Domestic cryptocurrency payments remain prohibited in Russia.
- The Central Bank of Russia will regulate and oversee cryptocurrency transactions.
- Banks will monitor and reject transactions that do not comply with the law.
- The transfer of cryptocurrency is permitted for purchasing goods and services from foreign entities.
- The purchase and transfer of cryptocurrency are allowed under specific regulatory requirements.
- Bitcoin, Ethereum, and Tether USDT are among the cryptocurrencies approved for public circulation in Russia.
- The exchange of cryptocurrency for securities is prohibited.
- The law recognizes cryptocurrencies as property and provides judicial protection for rights related to them.
Points of divergence
- The 300,000 ruble limit applies to digital rights for investors who have not passed testing, not to cryptocurrency purchases. — vesti
- Ordinary investors will be allowed to buy and transfer cryptocurrency up to 300,000 rubles per year through an intermediary. — tg_moscash
- The law was signed by President Vladimir Putin on August 4. — vm
Coverage (6 sources)
- Korolenko: from September 1, individuals will be able to transfer cryptocurrency abroad — Вести
- Expert explains which cryptocurrency operations will be allowed starting September 1. — РИА Новости (Telegram)
- From September 1, Russia officially allows buying and transferring cryptocurrency — Московский кэш
- Central Bank: Russians will be able to transfer cryptocurrency abroad starting September 1 — Вечерняя Москва
- Central Bank of Russia allowed crypto transfers abroad from September 1 — Вести
- From September 1, Russians will be able to transfer cryptocurrency abroad to their own wallets and accounts of foreign stores for payment... — РИА Новости (Telegram)