Russia just legalized crypto trading, but banned payments. Putin signed the law, creating a central bank-supervised market.
Only state-registered firms can run exchanges after July 1, 2027, requiring 15 million rubles ($187,000) in capital. Banks can block transfers to unregistered providers.
This isn't crypto adoption. It’s capital control. Russia wants an on-ramp to buy crypto, not a parallel currency. This closed-loop system funnels funds, it doesn’t offer financial freedom.
Our read: Russia is trying to control crypto, not embrace it. This is how nations will manage digital assets.
Would you trust an exchange operating under these rules?
$BTC
Only state-registered firms can run exchanges after July 1, 2027, requiring 15 million rubles ($187,000) in capital. Banks can block transfers to unregistered providers.
This isn't crypto adoption. It’s capital control. Russia wants an on-ramp to buy crypto, not a parallel currency. This closed-loop system funnels funds, it doesn’t offer financial freedom.
Our read: Russia is trying to control crypto, not embrace it. This is how nations will manage digital assets.
Would you trust an exchange operating under these rules?
$BTC