Russia is legalizing crypto for sanctioned cross-border trade while keeping domestic payments banned and retail access tightly capped. It’s a state-controlled settlement rail, not a freedom play — with Bitcoin, Ethereum, and USDT allowed only under strict rules.
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Russia’s biggest private bank is lining up crypto custody first, with blockchain investment products and retail brokerage potentially following as new rules advance. But Alfa-Bank says real market liquidity may still be years away, with meaningful growth not expected until late 2027.
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Russia’s Crypto Gamble: Bitcoin, Ethereum, and Solana Get the Green Light with Heavy Chains Russia is making a bold, if shackled, entry into the cryptocurrency space with a new bill that legalizes trading of heavyweights like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Backed by the Central Bank of Russia, this legislation is a calculated […]
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