Some existing banks, brokers and participants in an experimental regime can use a faster notification route, with eligibility depending on the role sought. The regulator says qualifying firms must submit documents before September 1, 2027. That route also requires a decision on a register entry.
Russia’s crypto law took effect on September 1 and envisages buying and selling through regulated intermediaries. It requires testing for both qualified and non-qualified investors and sets a 300,000-ruble annual purchase limit per intermediary for the latter group. Those terms describe the intended market; the October rules address how firms can enter it.
The assets that non-qualified investors may buy are being handled separately. In August, the central bank named Bitcoin, Ethereum and Tether’s USDT for public exchange trading in a draft directive open for comment. The October admission procedure does not finalize that proposed list.
For investors, the next markers are the Bank of Russia’s decisions on individual firms and the status of the separate asset rules. An effective admission procedure alone does not establish that regulated retail trading is available.