Jurisdiction reference
Russia
Regulator: CBR / Ministry of Finance. License/registration context: Licensing. 18 VASP/entity records are tracked by Plexo Institute in Russia. Official registry source: CBR Digital Assets. Data last updated: 2026-08-28.
Russia's Law on Digital Financial Assets (2021) prohibits crypto payments but allows licensed issuance of digital financial assets (DFAs), including commodity- or asset-backed tokens. Stablecoins pegged to fiat like USD or EUR are not formally recognized, but there is ongoing discussion of a digital ruble CBDC (pilot launched in 2023). Private stablecoins exist informally (often in P2P), but only tokenized commodities (e.g., gold-backed tokens) are legally sanctioned.
Regulatory Status
- Jurisdiction code
- RU
- Regime
- Licensing
- Regulator
- CBR / Ministry of Finance
- Governing law
- Federal Law on Digital Financial Assets 2021 / Mining Law 2024
- Travel Rule
- In Progress
- Tracked entities
- 18
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- RUB
Regulatory approach
The CBR oversees financial institutions, licensing DFA issuers, and running the digital ruble pilot. It enforces the prohibition on crypto payments while permitting regulated DFAs.
Relationship Graph
Jurisdiction FAQ
Who regulates Russia?
The current Plexo Institute record lists CBR / Ministry of Finance as the regulator for Russia.
How many VASPs are tracked in Russia?
18 VASP/entity records are tracked by Plexo Institute in Russia.
What is the Travel Rule status in Russia?
The current Plexo Institute record lists the Travel Rule status for Russia as In Progress.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.