Russia to Launch Regulated Crypto Market With Broker and Depository on September 1

Federal Law No. 282-FZ, effective September 1, introduces brokers, exchanges, clearing services and a digital depository for crypto in Russia. Non-qualified investors will be limited to 300,000 rubles per year through a single intermediary, with 48-hour holds on transfers above 100,000 rubles.

• Law No. 282-FZ introduces a broker, exchange, clearing and digital depository from September 1
• Non-qualified investors capped at 300,000 rubles per year via one intermediary
• Transfers above 100,000 rubles face a 48-hour hold
• Crypto is recognized as property but cannot pay for goods and services in Russia