المنشور

#RussiaCryptoLawSep1 Russia’s new cryptocurrency framework is scheduled to take effect on September 1. Non-qualified retail investors may purchase selected liquid cryptocurrencies through regulated intermediaries after passing a test, with an annual limit of 300,000 rubles per intermediary. Qualified investors receive broader access. Domestic crypto payments remain prohibited, but importers and exporters may use digital assets for cross-border settlements. The framework expands legal access while keeping the market under close state supervision. In my view, Russia is treating crypto as both an investment product and a tool for international trade, particularly where conventional payment channels are restricted. This differs from the European Union’s MiCA approach, which emphasizes provider licensing and customer transparency across a shared market. Russia’s model could increase regulated participation but may also limit self-custody and open-market access. The implementation details will determine whether activity moves into licensed channels or remains outside them.