Original sourceCoinGapeAdditional: Crypto Briefing
Summary
Russian Federal Law No. 282-FZ took effect on September 1, establishing a licensed digital asset trading framework overseen by the Bank of Russia. Licensed intermediaries handle trading and custody, allowing some cross-border settlements, but domestic crypto payments remain banned. Retail investors…
Key points
- Russia's crypto market enters a licensed era, setting a precedent for global crypto compliance trends.
- Russia's first licensed crypto trading framework takes effect, providing a legal channel for the local market.
- Retail investors face strict limits on crypto investments; institutions and qualified investors have more opportunities.
- Russia previously had a vague stance on crypto; this law clearly legalizes it.
Editorial note
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