TL;DR:
- The new draft law reduces the mandatory notification threshold to Rosfinmonitoring from 100,000 to 60,000 rubles for digital asset depositories and exchanges.
- Transactions linked to foreign trade will be subject to mandatory reporting starting from a limit set at 1,000,000 rubles.
- The proposed legislation establishes restrictions that limit banks’ direct exposure to cryptocurrencies to a maximum of 1% of their total capital.
The Russian government is accelerating preparations to implement a legislative framework that will expand Rosfinmonitoring’s powers over the digital asset market. The new regulation on crypto oversight will redefine financial control thresholds and increase user data collection.
The Financial Intelligence Service of the Russian Federation (Rosfinmonitoring) will obtain additional competencies to control operations with virtual currencies when amounts exceed 60,000 rubles. According to the regulatory draft, this measure modifies the previous limit, which stood at 100,000 rubles, intensifying the information gathering on exchange platforms serving Russian citizens.
The reform encompasses a large volume of users in the Eurasian region. In October 2025, Ivan Chebeskov, Deputy Minister of Finance, stated that approximately 20 million people in Russia use cryptocurrencies in various ways. Data provided by the official in February 2026 suggests that the daily volume of crypto operations in the country averages 50 billion rubles, an amount equivalent to about 648 million US dollars.
For transactions exceeding the established limit of 60,000 rubles, financial institutions and authorized depositories must submit files containing the real names of both parties involved, wallet identifiers, physical addresses, dates of birth, and tax IDs. Technical reports published by the specialized portal Bits.media reveal that transfers below this threshold will only require capturing the name and wallet ID of the client originating the movement.
Banking restrictions and institutional capital requirements
The regulatory project introduces macroeconomic safeguards aimed at the traditional banking sector. The legislation will determine strict caps regarding the amount of crypto assets that commercial banks can hold on their balance sheets. Data provided by the management of the Financial Stability Department of the Bank of Russia indicates that the institutional recommendation sets a maximum allowed exposure of 1% relative to the entity’s regulatory capital, additionally requiring extra capital provisions to mitigate volatility risks.
The central monetary authority will also receive specific powers to suspend or limit cryptographic transactions executed by banks if a risk of systemic destabilization is determined. On the other hand, parliamentary discussions in the State Duma eased certain controversial requirements. The chairman of the Financial Markets Committee, Anatoly Aksakov, confirmed that the initial obligation intended to force citizens to publicly reveal the private addresses of their wallets was discarded.
The legal viability of foreign tokens within the local economy will depend on demanding operational conditions. According to the legal proposal, a cryptocurrency will need to record an average market capitalization exceeding 5 trillion rubles over two years and daily trading volumes above 1 trillion rubles to circulate legally.
According to current ecosystem metrics, only Bitcoin and Ether meet these specific dimensions, which could restrict the legal use of popular stablecoins such as USDT and USDC due to the lack of an obligated issuer under the local legal scheme.
The regulatory calendar points to an imminent enforcement for market participants. Representatives from the State Duma and the Bank of Russia expressed the collective intention to complete the legislative process expeditiously so that the package of regulations formally enters into force on September 1, 2026.
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