Russia prepares to open its crypto market - a target of 'Common occurrence'

The planning report from Russia

According to a report from RBC (Russia's leading business newspaper) and confirmed by multiple sources linked to the Kremlin on January 14, 2026, the Central Bank of Russia (CBR) and the Ministry of Finance have finalized a comprehensive roadmap to significantly expand the scope of permitted cryptocurrency activities starting in mid-2026.

The proposed changes build upon the restrictive cryptocurrency framework introduced in 2024-2025 (allowing the use of cryptocurrencies for cross-border transactions and limiting their use domestically) and represent one of the most ambitious liberalization efforts by a major economy to date.

According to officials quoted in the report, the new regime will include:

• Mass retail access — Ordinary citizens will be allowed to buy, hold, and sell cryptocurrencies through licensed Russian banks and exchanges without the current strict annual limits (previously capped at 300,000 rubles/US$3,300 per year for non-eligible investors).

• Integration into banking apps — Major state-controlled banks (Sberbank, VTB, Gazprombank) are expected to offer cryptocurrency trading and custody services directly within their mobile apps, similar to how they currently offer stock and bond trading services.

• Cryptocurrency as collateral — Allowing the use of cryptocurrency as collateral for ruble-denominated loans, a major step towards mainstream financial integration.

• Simplify taxes — Reduce the current penalty tax rate (fixed tax rate of 13-15% on capital gains + mandatory reporting of all transactions) to a more investor-friendly model, potentially closer to traditional securities.

• Licensed domestic exchanges — Expanding regulated trading platforms beyond current pilot programs, with MOEX (Moscow Exchange) and SPB Exchange expected to launch full spot and derivatives cryptocurrency trading markets by the end of 2026.

• Official goal — Government sources have stated the objective is to make cryptocurrency "the norm" in Russia, with widespread use among the population comparable to participation in the stock market.

The goal is full deployment by July 1, 2026, with phased rollout beginning in Q2.

Why did Russia decide to open up ?

Russia's renewed openness to cryptocurrencies stems deeply from geopolitical and economic realities. International sanctions, limited access to global financial infrastructure, and the need for alternative payment mechanisms have all fueled interest in non-traditional financial channels.

Cryptocurrencies offer several strategic advantages, including reduced reliance on Western-controlled payment systems, faster cross-border payments, flexibility in international trade and capital movement, and technological sovereignty in financial communications.

Impact on the Global Landscape

Russia's shift has global implications. As a major economy with abundant technical and energy resources, Russia's adoption of cryptocurrencies—particularly in payments and settlements—could foster the development of a multipolar financial infrastructure.

This also puts additional pressure on other countries to clarify their own positions. As major economies normalize the use of cryptocurrencies, digital assets will be less likely to be seen as marginal tools.

Despite a more open stance, risks remain. Capital controls, regulatory unpredictability, and geopolitical instability could limit foreign participation. Domestic adoption will depend heavily on enforcement, legal clarity, and integration with banks and businesses.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrency. This is not financial or investment advice. All investment decisions should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in this article do not represent the official stance of the platform. We recommend that readers conduct their own research and consult with experts before making any investment decisions.

Compiled and analyzed by HCCVenture

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