Russia Mandates Crypto Reporting and Restricts Trading to Approved Assets

Russia has introduced a new law that affects its massive cryptocurrency market.

The Federal Law No. 282-FZ, signed on August 4, 2026, creates a licensing framework for crypto intermediaries operating in Russia.

Trading through licensed platforms is now the official path for retail investors, but it comes with restrictions and new rules. The law sets an annual purchase cap of approximately 300,000 rubles (about $3,600 at current exchange rates) for retail investors who pass risk assessment tests.

The law also restricts crypto trading on regulated platforms to a narrow set of approved assets, with USDT being the only stablecoin available for retail access. Other foreign stablecoins are off-limits for non-qualified investors.