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Putin signs Russia law governing crypto trading, custody rules
The new framework lets licensed, state-registered firms run crypto exchanges from July 1, 2027, while banning crypto payments for goods and services.
Russia’s President Vladimir Putin signed the country’s first comprehensive crypto law, creating rules for exchanges, custodians, brokers, and mining while keeping crypto payments restricted, according to Decrypt and a report by TASS.
Under the law, only organizations listed on a state registry may operate crypto exchanges after July 1, 2027, with a 15 million ruble capital floor and a requirement to join a self-regulatory body. Existing operators must register by that deadline, and regular trading activity begins once an exchange trades more than 3.5 million rubles in a month.
The legislation also limits retail access. Non-accredited investors can buy certain liquid cryptocurrencies through licensed intermediaries up to 300,000 rubles per year per intermediary after a knowledge test, while qualified investors face no stated purchase limit.
Crypto as money remains banned under the new rules, and banks can block transfers they suspect are routed through unregistered providers. Most provisions take effect September 1, aligning with the central bank’s digital ruble timeline, and the law includes court protection for crypto owners regardless of whether they declared assets before.