Putin Signs Crypto Law in Russia, Regulating Exchanges and Investor Limits

Russian President Vladimir Putin has signed a law establishing rules for cryptocurrency markets in Russia. The legislation, titled 'On Digital Currencies and Digital Rights,' sets requirements for crypto exchange operators to meet regulatory standards and join a financial market self-regulatory organization.

The law also limits retail investors to buying approved crypto assets through intermediaries, with an annual cap of 300,000 rubles ($3,700) per intermediary. Qualified investors will be allowed to purchase any cryptocurrency without restrictions.

The core provisions of the law take effect on September 1, 2026, while some measures, including rules for non-resident digital depositories, will take effect on July 1, 2027.