Russia's New Crypto Rules Set to Unlock Trillions in Trading Volume
Russia's new cryptocurrency legislation takes effect on September 1, 2026, with some provisions related to digital asset issuance and circulation not coming into force until September 2027. The country's largest lender, Sberbank, estimates that regulated crypto trading could reach around 4 trillion rubles, or roughly USD 46.4 billion, in the first year under the new framework.
According to projections, annual regulated trading volume could increase further to approximately USD 87 billion by 2029, making Russia a significant source of institutional and retail demand for major assets such as Bitcoin (BTC) and Ether (ETH).
Banks are already moving into crypto, with Sberbank accepting BTC for certain crypto-backed lending arrangements and planning to add ETH and Tether's USDT once regulators approve them for public trading.