The government and central bank of Russia are now working on a draft law that will treat cryptocurrency as an “analogue of currencies” rather than digital financial assets. Bitcoin transactions and possession of cryptocurrency in the Russian Federation must be done through a digital currency exchange organizer (a bank) or a peer-to-peer exchange licensed in the country. Russia’s regulation will seek to integrate a mechanism for the circulation of digital currencies into the country’s financial system while ensuring control over credit institutions’ cash flows. This is a development for Russia compared to January wherein the Bank of Russia called for a nationwide crypto ban and said that financial firms should not facilitate crypto transactions. Read more in our articles including "Russian gov’t, central bank to regulate cryptocurrencies" and "Binance withdraws from Canada due to strict crypto regulations".
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Mar 18, 2026The government and central bank of Russia are now working on a draft law that will treat cryptocurrency as an “analogue of currencies” rather than digital financial assets. Bitcoin transactions and possession of cryptocurrency in the Russian Federation must be done through a digital currency exchange organizer (a bank) or a peer-to-peer exchange licensed in the country.
Russia’s regulation will seek to integrate a mechanism for the circulation of digital currencies into the country’s financial system while ensuring control over credit institutions’ cash flows. This is a development for Russia compared to January wherein the Bank of Russia called for a nationwide crypto ban and said that financial firms should not facilitate crypto transactions.
Our coverage of russia crypto regulation includes: "Russian gov’t, central bank to regulate cryptocurrencies"; "Binance withdraws from Canada due to strict crypto regulations"; "BDO highlights rewards tied to savings balances". Each article provides unique insights and information.