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Russia outlines 2026 "simple licensing" regime for crypto exchanges and custodians
On January 23, 2026, the Bank of Russia detailed plans for a "simple licensing" framework targeting crypto exchanges and digital-asset custodians that avoid the securities market. The regulator aims to move existing crypto businesses from the gray sector into a regulated space while imposing prudential limits on banks' and brokers' exposure to risky crypto assets. The strategy also builds on Russia's 2024 legalization of crypto mining and includes wider investor access by recognizing cryptocurrencies and stablecoins as monetary assets.
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Russia's Constitutional Court Confirms Property and Judicial Rights for Crypto Owners in 2026 Ruling
On January 20, 2026, Russia's Constitutional Court ruled that owners of legally obtained cryptocurrencies enjoy the same property and judicial protection rights as holders of other assets. The decision arose from a dispute over 1,000 USDT and invalidated a legal provision that made court protection conditional on prior tax notification, except for coins from mining. The judgment is expected to trigger reviews of previously rejected claims and guide lawmakers in refining digital asset regulations, while keeping mandatory reporting in place for mining-related holdings.
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Bank of Russia plans broader reporting rules for banks on citizens' crypto transactions
The Bank of Russia is preparing new rules that will require commercial banks to provide detailed reports on Russian citizens' cross-border transactions, including operations related to cryptocurrencies and digital assets. The draft regulation expands the list of reportable international transfers, covering factors such as residency status, transaction method, fees, and separate reporting of crypto trades and mining proceeds, ahead of wider crypto market legislation expected by the summer of 2026.
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Russian lawmakers and Sberbank push crypto regulation to curb fraud by July 2026
On January 15, 2026, Russian lawmakers and executives from Sberbank reiterated that effective fraud prevention requires comprehensive regulation of the country's cryptocurrency market. A new draft law based on the Central Bank's policy, which includes a 300,000 ruble annual limit for non-qualified investors, is expected to be adopted by July 1, 2026. Officials argue that legalizing domestic exchanges and introducing clear rules would help block channels used to withdraw stolen funds and reduce the impact of fraudulent schemes.
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Russian economist Oleg Vyugin sees Bitcoin rising against the U.S. dollar but not replacing gold by 2026
In an interview published in early January 2026, Russian economist Oleg Vyugin argued that Bitcoin is unlikely to supplant gold in the coming years because of a highly concentrated market dominated by large holders. He still expects the cryptocurrency to appreciate against major fiat currencies like the U.S. dollar, citing its fixed, programmatically limited supply. Vyugin linked Bitcoin’s long-term appeal to its resistance to inflation, while Russia moves toward comprehensive crypto regulation planned by July 2026.
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