Russia Legalizes Crypto Assets, Paving Way for Institutional Investment

The Russian government has introduced a new law on digital currencies and rights, which comes into effect on September 1. This law paves the way for the legal circulation of crypto assets in Russia and is expected to attract significant funds from private and institutional investors.

The federal law No. 282-FZ introduces basic rules for cryptocurrencies, recognizing them as property with judicial protection and a clear procedure for circulation. For owners, this means the ability to legally hold digital assets, declare their savings, use coins as collateral, and protect their rights in court.

The Bank of Russia, along with the financial intelligence agency, will oversee this new segment, with a transitional period lasting until July 1, 2027. By this deadline, all crypto exchanges must be registered with the Central Bank and obtain a license.

Crypto assets may become a link between the volatile market and more traditional instruments. Investors will be able to direct digital currencies into real assets such as stocks, bonds, and tokenized products tied to gold, real estate, and other physical objects.