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Putin signs Russia\'s first comprehensive cryptocurrency law; trading allowed, payment ban stays

Russia has finalised a law establishing a regulatory framework covering cryptocurrency exchanges, brokers, custodians and investors. Core provisions take effect from Sept. 1, 2026, while the ban on using cryptocurrency to pay for goods and services inside Russia remains in place. Retail investors may buy only approved cryptocurrencies through brokers, capped at 300,000 roubles per broker annually, while qualified investors face no such limits. The central bank will supervise the regulated market and set detailed rules.