According to FinanceFeeds, Russia plans to begin blocking foreign cryptocurrency exchange websites in summer 2026 to redirect crypto activity to locally licensed platforms, reduce capital outflows, and enhance regulation. This initiative stems from new legislation expected to advance this spring, involving technical filtering by Roskomnadzor; Russian participants currently conduct approximately 50 billion rubles in daily crypto trading, mostly on境外 platforms. Sergey Shvetsov, Chairman of the Supervisory Board of the Moscow Exchange, stated that Russian traders pay around $15 billion in commissions to global exchanges annually, and local platforms aim to capture this market. Experts note that fully blocking foreign platforms will be challenging and may drive activity toward opaque channels.
Russia to Block Foreign Crypto Exchanges by Summer 2026, Promote Local Platforms
TechFlowShare
Summary
Russia plans to block foreign crypto exchanges by summer 2026 under new legislation, directing activity toward local platforms. The move aligns with global regulatory trends such as MiCA and CFT measures. Roskomnadzor will implement technical filtering starting in spring. Daily crypto transactions in Russia have reached 50 billion rubles, primarily conducted through foreign platforms. Moscow Exchange officials estimate local exchanges could capture $15 billion in annual fees. Experts warn that full enforcement may prove difficult, potentially driving activity toward unregulated channels.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.