Russia Legalizes Crypto for Everyone Except Russians
- Russia's State Duma passed legislation establishing the country's first comprehensive framework for regulating cryptocurrencies, with most new rules taking effect on September 1, 2026.
- Although Russia legalized cryptocurrency mining in 2024, the law maintains the longstanding prohibition on using crypto for domestic payments of goods and services within the country.
- Retail investors may purchase liquid cryptocurrencies like Bitcoin, Ethereum, and USDT through licensed intermediaries, subject to an annual limit equivalent to roughly $3,800, while Qualified investors face no restrictions.
- Foreign trade activity serves as an exception to payment prohibitions, allowing settlements under international contracts, and exchanges must join a special registry by July 1, 2027.
- Bills introduced in the spring of 2026 criminalize illegal mining and circulation, carrying penalties of up to five and seven years in prison, following European Union sanctions targeting Russian crypto usage.
27 Articles
27 Articles
Russia's Parliament Passes Crypto Law With $3,800 Retail Cap
Russia’s parliament approved the country’s first comprehensive cryptocurrency law on Tuesday, setting strict limits on how ordinary citizens can buy digital assets while opening a channel for companies to settle international trade in crypto, according to state news agency TASS. Most provisions take effect September 1, TASS reported. What the law allows Only firms in a special registry will be permitted to run exchanges, though existing operator…
State Duma passes law allowing Russians to invest in cryptocurrency but not use it as payment
Russia’s lower house of parliament passed legislation legalizing cryptocurrency circulation in the country, the Russian business news outlet RBC and the Russian business daily Kommersant reported. The bill passed its second and third readings.
On the second and third readings, the State had adopted a 300-page draft law on digital currencies, which would be ...
The information appears as historical: the lower house of the Russian Parliament has just officially passed a bill regulating the circulation and rights associated with cryptocurrency in its territory. Some of these new provisions could come into force as early as September. Historical article: the Russian Parliament adopts the bill on the cryptocurrency market appeared first on Cryptoast.
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