Russia to Impose Strict Crypto Regulations by 2026, Potentially Banning New Purchases
Russia is moving toward stringent cryptocurrency regulations, with a framework set to take effect by 2026. Vladimir Chistyukhin, First Deputy Chairman of the Central Bank of Russia (CBR), revealed that the new rules will amend existing laws on digital financial assets and securities markets. The regulations may restrict most investors from purchasing new digital assets, limiting transactions to licensed market participants.
The CBR, Ministry of Finance, and Rosfinmonitoring are collaborating on the proposals, which will define how crypto transactions are conducted. Banks may be permitted limited crypto operations under strict oversight, while exchanges could face new licensing requirements. The government has abandoned its earlier Experimental Legal Regime (EPR), signaling a shift toward tighter control over the crypto market.
