Russia legalizes regulated retail crypto trading while maintaining restrictions on domestic payments and allowing cross-border settlements.
Regulation & Gov ·
Russia has legalized regulated retail cryptocurrency trading following a presidential decree. The new framework permits domestic retail participation in crypto markets while maintaining restrictions on using cryptocurrencies for domestic payments within the country.
The regulatory structure allows cross-border cryptocurrency settlements, creating a defined pathway for traders and exchanges to operate legally. This represents a shift from Russia's prior stance on retail crypto access, though the ban on domestic payments preserves control over the ruble's use in everyday transactions.
It remains unclear how quickly exchanges will obtain licenses under the new regime, which entities will be approved to offer trading services, and whether additional guidance will clarify the scope of permissible trading activities and custody arrangements.