Regulated exchanges in Russia may begin crypto trading on November 22, 2026, following a framework approved by the Bank of Russia. The start date remains subject to ongoing negotiations regarding reporting, monitoring, and pricing mechanisms with the regulator.
Non-qualified investors will face specific restrictions starting November 17, 2026. They must pass a knowledge assessment and may only purchase Bitcoin, Ether, and USDT through registered intermediaries. Annual investment for these individuals is capped at 300 000 ₽.
Major financial institutions, including the Moscow Exchange, Sberbank, and VTB, are developing infrastructure for these operations. The Moscow Exchange and Sberbank plan to launch pilot programs on December 1, 2026.
The number of registered crypto exchange service providers increased from four to 17 between October 6 and late October 2026. Despite these developments, the use of cryptocurrency for payments remains prohibited.
