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Russia Admits First Crypto Exchanges and Digital Depositories Under New Law

Russia’s central bank admitted five digital depositories and four digital-currency exchangers under its new framework. The register entries do not confirm that consumer services have launched.
From TheFinanceBase Team3 min to read
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On 6 October 2026, the Bank of Russia admitted five digital depositories and four digital-currency exchange organizations to its registers under Russia’s new crypto framework. Interfax identified the entrants as including Sberbank and VTB. Registration is a regulatory milestone, not confirmation that every organization has opened a service for consumers.

What Russia’s regulator announced

The Bank of Russia said the nine organizations were admitted under transitional provisions of the law on digital currencies and digital rights, which took effect on 1 September 2026. From registration, participants must follow rules for conducting and recording transactions and operations; they have until 1 September 2027 to bring their operations into compliance with the law. Bank of Russia announcement, 6 October 2026.

The registration procedure covers digital depositories, cryptocurrency exchanges, and operators of information systems in which digital financial rights are issued. The Bank of Russia said the relevant regulations were registered with the Ministry of Justice and took effect on 5 October 2026. Bank of Russia, 24 September 2026.

Who was admitted

Interfax reported the following names for the two registers. The Bank of Russia’s announcement provided category counts and functions; the names below are attributed to Interfax.

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Register Organizations reported by Interfax
Digital depositories (5) Sberbank; VTB; JSC Voltari; LLC Cloud Infrastructure; Atomyze
Digital-currency exchangers (4) VTB; LLC Zefir; LLC Sistema Crypto; T-Invest Lab

Interfax, 6 October 2026.

What the two categories can do

Category Regulator-described function Trading context
Digital depository Record and transfer digital currencies and digital rights, and give clients access to identifier addresses where assets are recorded. Recordkeeping and transfer; the category description does not establish that each registrant offers every service directly to retail customers.
Digital-currency exchanger Buy and sell digital currencies on its own behalf and at its own expense. Outside organized trading.

These are the functions attached to the registered categories, not evidence that all named organizations have launched consumer-facing services. Bank of Russia, 6 October 2026.

Does registration mean consumers can trade now?

No. The 6 October announcement confirms admission to registers; it does not say that all registrants have opened customer services. Interfax reported VTB’s expectations that access for a wide range of investors through VTB My Investments could open in November 2026, and access directly through the bank’s crypto exchange in December 2026. Those were prospective company plans reported by Interfax, not confirmed launch dates. Interfax, 6 October 2026.

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What investor access rules has the regulator described?

In a 21 July 2026 overview, the Bank of Russia said non-qualified investors would be able to buy the most liquid cryptocurrencies after passing a test, subject to an annual limit of ₽300,000 through one intermediary. Qualified investors would also have to pass the test, but the overview said they would have no amount limit. These are the framework details in that earlier regulator overview; they do not settle every implementation detail. Bank of Russia, 21 July 2026.

Why proposed capital figures need caution

On 27 July, the Bank of Russia described draft regulations proposing minimum equity of ₽50 million to ₽250 million for digital depositories, depending on planned activities such as open-ledger work or post-trade settlement. The regulator said the drafts were published for regulatory-impact assessment. That range should not be treated as a final settled requirement on the basis of the draft announcement alone. Bank of Russia, 27 July 2026.

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Registration does not override cross-border restrictions

Russian registration does not by itself establish that a service is available to people in other jurisdictions. The EU’s consolidated Council Decision 2014/512/CFSP, dated 27 June 2026, includes a prohibition on transactions with entities established in Russia that provide crypto-asset services or platforms enabling crypto-asset exchange or transfer, subject to stated exceptions and derogations. The effect depends on the parties and transaction, so anyone involved in a cross-border transaction should assess the applicable rules rather than assume Russian registration settles the issue. European Union, consolidated Council Decision 2014/512/CFSP.

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