The Russian crypto industry may be shifting from the “gray zone” into a more legitimate regulatory framework.
Reports say that as early as the end of this year, Russia’s crypto industry could enter a legal operating framework. The central bank is working on supporting rules such as exchange operations, digital custody, and investor eligibility. Ordinary retail investors will be able to buy approximately 300,000 rubles worth of BTC, ETH, and USDT per year through a single intermediary, while eligible investors have no limit on their quotas. Source: Bitcoin Magazine.
But don’t interpret this as “opening up crypto payments.” Payments within the country are still prohibited. The real change is that the operating boundaries for banks, exchanges, and custody institutions are becoming clearer. If this direction is implemented, the key things to watch will be the progress of large Russian banks’ wallets and custody arrangements, as well as policy fluctuations caused by sanctions and cross-border settlement disputes. Which are you more concerned about: “compliant trading infrastructure” or “payment restrictions”?
Figure 1: Russia’s crypto industry could be operating legally within the year · Key news points
Image source: https://bitcoinmagazine.com/news/russia-crypto-industry-could-be-operating
Reports say that as early as the end of this year, Russia’s crypto industry could enter a legal operating framework. The central bank is working on supporting rules such as exchange operations, digital custody, and investor eligibility. Ordinary retail investors will be able to buy approximately 300,000 rubles worth of BTC, ETH, and USDT per year through a single intermediary, while eligible investors have no limit on their quotas. Source: Bitcoin Magazine.
But don’t interpret this as “opening up crypto payments.” Payments within the country are still prohibited. The real change is that the operating boundaries for banks, exchanges, and custody institutions are becoming clearer. If this direction is implemented, the key things to watch will be the progress of large Russian banks’ wallets and custody arrangements, as well as policy fluctuations caused by sanctions and cross-border settlement disputes. Which are you more concerned about: “compliant trading infrastructure” or “payment restrictions”?
Figure 1: Russia’s crypto industry could be operating legally within the year · Key news points
Image source: https://bitcoinmagazine.com/news/russia-crypto-industry-could-be-operating
