Russian Crypto Industry Could Be Operating Legally by Year-End: Central Bank

Bitcoin Magazine Russian Crypto Industry Could Be Operating Legally by Year-End: Central Bank Russia’s crypto industry may have all it needs to start legally functioning by year-end, according to reports.  The deputy governor of the country’s central bank, Vladimir Chistyukhin, said that regulations were moving ahead as scheduled, Interfax reported on Monday.  Russia this year has pressed ahead with crypto legislation.

President Vladimir Putin in August signed a law to set in stone the regulation of digital currencies and digital rights in the country — although using bitcoin for payments is still banned.  JUST IN: The Russian Bitcoin and crypto industry may begin functioning within a legal framework before the end of this year, Central Bank Deputy Governor says.

pic.twitter.com/Kp1ICUgDrg— Bitcoin Magazine (@BitcoinMagazine) September 21, 2026 “Right now we are talking about creating subordinate regulation; it is very large and significant,” Chistyukhin was quoted saying, adding that the “fine-tuning” of internal rules could be carried out before the end of 2026.  Russia’s central bank has approved Bitcoin trading for the public on the country’s crypto exchanges.

Law currency states that unqualified investors can buy 300,000 rubles ($3,582) worth of bitcoin and other assets through one intermediary; qualified investors have no limits.  Sberbank, the biggest bank in Russia, plans to debut a Bitcoin and crypto wallet as well as digital asset...