Russia Enacts First Crypto Regulation | Bitcoin and Crypto News

Russia just rolled out its first major crypto regulation law, set to go live in September, creating a strict framework for exchanges, purchases, and digital asset services — with only registered firms allowed to operate, a grace period until July 2027, and bank mandates to block suspicious transfers. Holders of crypto now get legal protection even if previously unreported, while regular users face a $3,800 annual cap on purchases through licensed platforms — pros can buy unlimited amounts. The move follows the central bank’s earlier proposal and comes amid EU sanctions targeting Russia’s growing crypto reliance for international trade. The law covers mining, issuance, and all related services, but crypto can’t be used domestically for payments or advertised — with limited exceptions for foreign trade and mined assets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/225d95aa89a07960