The Bank of Russia (CBR) has proposed major amendments to its reporting framework for private international financial transactions involving cryptocurrencies. Under the updated rules, commercial banks must provide detailed disclosures on all crypto-related activities, including purchases, sales, tokenized assets, NFTs, and digital rights governed by the “On Digital Financial Assets” law.
Required information includes:
These changes aim to increase oversight and transparency in Russia’s evolving crypto market.
The new obligations build on Russia’s gradual shift toward regulated crypto activity. After years of strict bans, the CBR began easing outbound transfer restrictions in December 2025. The current proposal extends reporting requirements to cross-border crypto transactions, reflecting a broader push for compliance and risk monitoring.
The CBR emphasized that these rules are part of ongoing efforts to understand banks’ exposure to digital assets. A comprehensive market study on banks’ crypto involvement is scheduled for completion before summer 2026.
The enhanced reporting regime is expected to:
While the rules primarily target banks, they could indirectly affect retail and institutional crypto users in Russia by making certain transactions more traceable.
With the Bank of Russia strengthening oversight, participants in Russia’s crypto ecosystem should prepare for increased scrutiny of cross-border activity. The rules align with global trends toward greater transparency in digital asset transactions.
Bitcoin ($113,234) and Ethereum ($4,070) prices remain stable despite the announcement, per CoinMarketCap. Investors should monitor CBR updates via cbr.ru and consider compliance implications for any Russia-related crypto operations.
