Russia has enacted its first crypto law, legalizing digital asset trading under a licensed market overseen by the central bank. The measure keeps crypto barred from everyday payments.
Russia has enacted its first crypto law, legalizing digital asset trading under a licensed market overseen by the central bank. The measure keeps crypto barred from everyday payments.
The law matters because it separates crypto trading from crypto payments in Russia’s regulatory approach. It allows a formal, licensed market for digital asset trading, but does not open the door for everyday purchases or settlement in cryptocurrency.
Russian President Vladimir Putin has signed the country’s first crypto law, creating a legal framework for trading digital assets while keeping the use of crypto for payments banned.
The law matters because it separates crypto trading from crypto payments in Russia’s regulatory approach. It allows a formal, licensed market for digital asset trading, but does not open the door for everyday purchases or settlement in cryptocurrency.
Under the new framework, trading activity will be supervised by Russia’s central bank. That gives the market a defined regulatory channel, rather than leaving digital asset trading outside a dedicated legal structure.
For crypto companies and market participants, the key change is legal recognition of trading under license. The continued payments ban also limits how broadly crypto can be used in the country’s consumer and commercial economy.
The result is a narrower form of legalization: Russia is permitting regulated access to digital asset markets, while maintaining restrictions on crypto’s role as money for day-to-day transactions.
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