Russia has enacted a major law regulating cryptocurrencies and digital assets, allowing state-supervised trading, setting standards for all service providers, aiming to formalize the market and boost international trade amid sanctions measures.
On 5 Aug 2026 GMT+7, Russia’s TASS news agency reported that President Vladimir Putin signed into law the Law on Digital Currencies and Digital Rights, marking the first comprehensive regulatory framework for Russia’s cryptocurrency market.
The new law legalizes cryptocurrency trading under state supervision, establishing rules for all market operators including digital asset exchanges, custodians, brokers, fund managers, trading platforms, and clearinghouses, as well as conditions for investors who wish to buy and hold cryptocurrencies.
Additionally, the law covers the storage, accounting, and custody of digital currencies and assets from abroad, regulates crypto mining, issuance and trading of digital asset rights, and oversees the operations of providers issuing digital financial assets.
However, although the government officially recognizes cryptocurrency trading, the law continues to prohibit using crypto as a medium of payment for goods and services domestically; the ruble remains the only legal currency for debt settlement in Russia.
Source: RT Tass