Russian Crypto Industry Expected to Operate Legally by Year-End

Russia's cryptocurrency industry may begin operating within a formal legal framework by the end of 2026, according to Central Bank Deputy Governor Vladimir Chistyukhin. While the use of Bitcoin for domestic payments remains prohibited, the central bank has approved public trading on domestic exchanges, with limits set for unqualified investors. Major financial institutions like Sberbank are also preparing to launch crypto wallet and custody services by December.