In 2024, Russia legalized cryptocurrency mining. The State Duma…

In 2024, Russia legalized cryptocurrency mining. The State Duma adopted a law on the legalization of cryptocurrencies in Russia.

Consensus

The Russian State Duma has passed a law on the legalization of cryptocurrency operations in Russia.
Cryptocurrency will be available only as an investment instrument within Russia.
Domestic payments using cryptocurrency remain prohibited.
Access to cryptocurrency trading is restricted to licensed brokers and managers on regulated exchanges.
Non-qualified investors must pass a test before purchasing cryptocurrencies.
Annual purchase limits for non-qualified investors are set at 300,000 rubles per intermediary.
Only high-capitalization, liquid cryptocurrencies with long price history will be available on Russian exchanges.
The law is scheduled to enter into force on September 1, 2026.
Cryptocurrency mining was legalized in Russia in 2024.

Transfers P2P involving rubles and bank cards will be prohibited. — tg_varlamov_news
Participants expect the full launch of crypto products in Russia this autumn. — tg_bazabazon
The Central Bank anticipates that operations with cryptocurrencies could start as early as November, and work on regulatory documents is ongoing. — vedomosti
The law may come into effect later than initially planned; the new target date is September 1, 2026, due to complex negotiations. The liability period for market participants remains set at July 1, 2027. — fontanka
The Central Bank decided to delay regulation of stablecoins and will prepare a separate report before addressing them. — fontanka
Foreign participants can enter the Russian market only through registration in Russian jurisdiction. — fontanka