Russian Central Bank's Crypto Regulation: Calendar Established

The Central Bank of Russia announced the new regulatory framework it has prepared for cryptocurrencies, stating that it aims to complete the legal infrastructure by July 1, 2026. This move stands out as an important development for investors and is considered a step that will help reduce uncertainty in the cryptocurrency market.

According to information reported by the Russian news agency RIA Novosti, the Central Bank has prepared a comprehensive concept document covering cryptocurrency activities and submitted it to the government. This document aims to eliminate the long-standing uncertainty regarding digital assets in the country. The planned regulatory process will proceed in two phases.

In the first phase, the goal is to clarify the legal framework regarding cryptocurrencies and to define which activities will be considered within the legal scope. This process is planned to be completed by July 1, 2026. In the second phase, a regime of sanctions and responsibilities will be implemented for cryptocurrency intermediaries operating without authorization.

The model proposed by the Central Bank addresses illegal cryptocurrency brokerage activities within a framework similar to unauthorized banking practices. Within this framework, legal responsibilities for individuals and institutions facilitating cryptocurrency transactions without licenses or authorization are expected to arise starting July 1, 2027. This way, Russia will continue its strategy of steering cryptocurrency into a controlled and monitorable space rather than completely banning it.

Experts state that this step aims to protect investors and limit risks to the financial system. Additionally, it is noted as a regulation that could significantly increase the government's oversight capacity over the cryptocurrency market. Cryptocurrency investors should be cautious during this process and closely monitor developments.