Russia enacts first comprehensive crypto regulation
Russian President Vladimir Putin signed a law that for the first time provides comprehensive rules for the circulation of digital currencies and digital rights. The legislation defines organization, accounting and custody of digital assets, regulates mining, issuance of digital rights and activities of information system operators issuing digital financial assets (DFAs), and sets standards for exchanges, depositories, brokers and clearing houses. It requires exchange providers to enter a special registry, sets a 15 million ruble minimum equity and retail investor purchase caps, retains a ban on crypto payments with limited exceptions, and phases in key clauses through 2027.
Core crypto rules take effect on September 1, 2026.
Context
The president signed the law to regulate digital currencies and digital rights in Russia. The law sets deadlines for rules and registration. Market participants must meet equity and testing requirements before the effective dates.
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