Russia to legalize crypto in September, targets $40B market

Russia’s new “digital currency” law will enter into force on September 1 to make some crypto transactions perfectly legal while permanently prohibiting others.

The legislation expands access to assets like Bitcoin, most notably for non-professional investors and players circumventing war-related Western sanctions and restrictions.

Russian crypto regulations to come into effect on Tuesday

Starting from the first day of September 2026, operations with cryptocurrencies in Russia will be largely governed by the law “On Digital Currency and Digital Rights.”

The comprehensive regulatory framework, which enters into full force now, was passed by both houses of Russian parliament in July and signed by President Putin in early August.

It represents Moscow’s first attempt to legalize crypto transactions like investment and trading, while ensuring these are confined within the limits of an infrastructure under its control.

Russian citizens, including non-professional investors, will gain legal access to digital assets, but the legislation imposes a ban on domestic crypto payments, which stems from texts in the constitution.

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