Russia’s Central Bank Proposes Crypto Law Effective Sept 1, Transition to July 2027
Russia’s first deputy central bank chairman said a crypto regulation law may take effect on September 1, with a transition period ending July 1, 2027. Companies must collect documents, obtain new licenses, and restructure internal processes during this time.
Russia’s central bank first deputy chairman Vladimir Chistyukhin announced that a law regulating the cryptocurrency market could come into force on September 1. A transition period would run until July 1, 2027, allowing firms to prepare.
During this transition, companies are expected to gather necessary documentation for inclusion in a registry, acquire new licenses, and adjust their internal operations to comply with the new regulatory framework.
Source: ForkLog