Russia Plans New Crypto Regulation for 2026
Russia's Central Bank proposed a framework recognizing crypto as a currency value but banning its use for domestic payments by 2026.Summary
The Central Bank of Russia unveiled a conceptual framework on December 23 to formally regulate crypto trading, shifting from ad-hoc restrictions to a structured, licensed market. Cryptocurrencies and stablecoins will be legally recognized as "currency values" for buying and selling, but they remain prohibited as a means of payment within Russia. The proposal establishes a two-tier investor model: non-qualified investors face mandatory risk-knowledge tests and an annual purchase cap of 300,000 rubles, limited to the most liquid assets. Qualified investors have fewer restrictions, except for anonymous tokens. This formalizes previously tolerated activity while tightening supervision and limiting retail exposure. The legislative base is targeted for finalization by July 1, 2026, with liability for illegal intermediation starting July 1, 2027. The overall approach aims to move crypto out of the gray market and integrate regulated trading into the existing financial infrastructure.
(Source：BeInCrypto)