Draft

Deputy Minister of Finance Ivan Chebeskov said that we are talking about clear rules for mining, converting and using cryptocurrencies in payments and investments.

The head of the Supervisory Board of the Moscow Exchange, Sergei Shvetsov, compared the current restrictions with the “dry law”, noting that they only push operations to other jurisdictions.

According to the industry, state-owned banks could launch official crypto exchange gateways as early as 2026. This will be the first step towards legal trading of crypto within Russia and a new stage in market regulation.

Russia is gradually moving from an experimental regime to full regulation of crypto exchange. A new bill on licensing crypto exchanges and exchangers is a matter of the near future.