In addition, the Central Bank stressed that it is forbidden to transfer crypto assets from their digital accounts to their own cold wallets. Russians will be required to use intermediaries authorized by the Central Bank. On Monday, the regulator allowed the country’s largest bank, Sberbank, to provide cryptocurrency exchange services after approving custodial services.
The law regulating the circulation of cryptocurrencies in Russia came into force on October 1. However, some of its provisions will begin to take effect in July 2027.