Bank of Russia

Russia’s biggest bank plans to create cryptocurrency trading infrastructure by Dec. 1 as the country is set to establish rules for market participants while allowing crypto assets to be used in foreign trade operations.

The State Duma legislation creates a regulated framework for crypto market participants and now moves to President Vladimir Putin for his signature before becoming law.

Russia’s State Duma is set to consider the crypto regulation bill in second and third readings, with rules for investors and cross-border payments included.

Japan's SBI Crypto shuts down 12th largest Bitcoin mining pool in the world, Russia gears up to launch digital ruble despite EU sanctions, and more: Asia Express.

EU authorities already preemptively sanctioned Russia’s digital ruble in 2025 as part of measures in response to the country’s war against Ukraine.

The European Commission made its move in response to Russia's increasing reliance on crypto transactions to circumvent sanctions amid the country's war on Ukraine.

Russian lawmakers passed a first reading of a bill regulating crypto through licensed intermediaries, with key rules set to take effect in July 2026 and 2027.

Individuals and groups would be required to register with the Bank of Russia before offering certain crypto services, or potentially face fines and prison time.

Russia’s deputy finance minister says around 50 billion rubles worth of crypto changes hands daily, calling for crypto market regulation.