Russia's central bank to implement crypto law on Sept. 1

The Bank of Russia has announced it will officially implement a cryptocurrency regulation law starting Sept. 1, 2026. According to TASS news agency, Vladimir Chistyukhin, the central bank's First Deputy Governor, stated that a transition period will be in effect until July 1, 2027. During this time, market participants will be required to prepare relevant documents, apply for registration with regulatory authorities, obtain new licenses, and update their internal procedures. He expects actual operations under the new framework to begin between late 2026 and early 2027. Chistyukhin added that criminal and administrative penalties will take effect on July 1, 2027, to clearly distinguish between legal and illegal crypto activities under defined legal responsibilities.