Russia Regulates Cryptocurrency Market with BTC, ETH, and USDT Approval
Russia's new cryptocurrency law has taken effect on September 1, 2026, bringing Bitcoin (BTC), Ethereum (ETH), and USDT into a regulated market under the Bank of Russia's supervision.
The law creates a framework for crypto exchanges, brokers, custodians, and other market operators to operate under the Bank of Russia's oversight. Existing market participants have until July 1, 2027, to meet the new licensing requirements.
Retail investors can now access the three approved assets through licensed platforms, but they must first pass a knowledge test and may purchase up to 300,000 rubles ($3,700) per year. Qualified investors face no purchase limit.
Crypto payments for goods and services remain banned in Russia, with the ruble continuing to serve as the country's legal tender.