Citing PANews, Russia has transitioned from a complete ban on cryptocurrencies to a regulated framework allowing trading on major exchanges. In 2021, Central Bank Governor Elvira Nabiullina expressed outright rejection of crypto, but by December 2025, Moscow and St. Petersburg exchanges announced technical readiness for regulated crypto trading, set to begin on July 1, 2026. The new rules classify crypto as a financial asset, impose transaction limits for retail investors, and require KYC and AML compliance. The shift is attributed to sanctions-driven financial diversification, the growth of domestic mining, and the continuation of de-dollarization efforts. Russia's approach reflects a state-led market model, integrating crypto into a controlled financial system rather than embracing full decentralization.
Russia Moves from Crypto Ban to Regulated Exchange Listings
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Summary
Russia lifted its crypto ban in 2026, moving toward regulated exchange listings. In 2021, Central Bank Governor Elvira Nabiullina rejected crypto, but by December 2025, Moscow and St. Petersburg exchanges confirmed technical readiness for crypto exchange regulations. Trading will start July 1, 2026, under rules that classify crypto as a financial asset, impose retail limits, and require KYC and AML checks. The shift follows sanctions, domestic mining growth, and de-dollarization efforts.
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