Odaily Planet Daily reports: As of September 1, Russia’s Digital Currencies and Digital Rights Law has only partially taken effect, primarily concerning cross-border foreign trade transfers. Due to numerous key regulations still being finalized, cryptocurrency trading within Russia remains largely restricted. The Central Bank of Russia stated that all necessary documentation is expected to be ready by early December. Market participants indicate that the relevant infrastructure is largely in place and only requires adjustments to meet new requirements. Sberbank plans to complete its digital custodian infrastructure by December 1, while Finam expects to begin services in early 2027. Central Bank Governor Nabiullina stated that transferring crypto assets abroad is unrestricted, but investors should note that overseas activities are not protected under Russian law.
Russia's full resumption of crypto trading awaits central bank guidelines, with key documents expected by early December.
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Summary
Russia’s full resumption of crypto trading depends on finalizing key documents under the Digital Currency and Digital Rights Law, with the Central Bank targeting early December. Market infrastructure is largely prepared, pending adjustments to align with digital asset regulations. Sberbank aims to complete its digital custodian setup by December 1, while Finam plans to launch services in early 2027. The Central Bank reiterated that crypto transfers abroad are unrestricted but not protected under Russian law. Key regulatory alignment with FATF guidelines is expected to shape the final framework.
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