Russia is gearing up for the launch of its regulated cryptocurrency landscape by setting stringent capital and operational standards for digital asset depositories. The Bank of Russia’s latest move lays down the groundwork aimed at boosting transparency and investor trust before broader legislation hits in the fall.
Under the new rules, depositories will need to hold capital between ₽50 million and ₽250 million, depending on their business type and services offered. Besides this capital requirement, firms must maintain highly liquid assets with strong credit ratings to withstand financial shocks and ensure operational stability.
These digital custodians will be responsible for managing crypto ownership records, handling digital accounts, and keeping detailed transaction logs through standardized processes. Meanwhile, electronic trading platforms will have to handle settlements through specially designated accounts to enhance accountability.
Timeline and Regulatory Outlook
The official framework is set to take effect starting September 1, 2026, coinciding with new laws that permit cryptocurrency in cross-border business deals while preserving limits on domestic payments. Firms entering this space are required to fully comply by July 2027. also regulators plan to introduce further anti-fraud measures later that year to reinforce confidence in Russia’s emerging crypto sector.
This step reflects Russia’s cautious approach to digital assets, aiming to align crypto infrastructure with the financial standards governing traditional securities. The move also follows increased global scrutiny on crypto activities, similar to initiatives like Singapore’s tightening of crypto regulations for banks.
This article is for informational purposes only and does not offer financial advice.
