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Putin signs Russia's flagship crypto law: retail trading allowed with $3,700 annual cap; cross-border settlements approved; payments ban stays

AI Market Summary
Putin signed a landmark Russian crypto law enabling regulated retail trading with a low annual cap (~$3,700) and permitting cross-border crypto settlements, while keeping a domestic ban on crypto payments. Effective September 1, the framework modestly improves legal clarity and institutional usability for international flows, but retail demand impact is constrained by the tight limit and continued restrictions on everyday payments.
Impact level
● Medium
Affected assets
BTC/USDT+0.01%
AI Insight · BTC/USDTAI Insight
● Neutral
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Russian President Vladimir Putin has signed a landmark cryptocurrency law that permits regulated retail trading, setting an annual limit of $3,700 per person, and authorizes the use of crypto for cross-border settlements. The legislation keeps in place Russia's domestic ban on cryptocurrency payments. The law is set to take effect on September 1.
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