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CryptoMedium•17 April 2026•

1 min read

Russia to Criminalize Unregistered Crypto Services Under New Bill

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1A new Russian bill requires registration with the Bank of Russia before offering crypto services.

2Violators could face fines and prison time for providing unlicensed crypto services.

The Russian government has introduced a new legislative bill aimed at tightening oversight of the digital asset market by criminalizing unregistered crypto services. The proposed legislation mandates that all individuals and groups must officially register with the Bank of Russia before offering any cryptocurrency-related services. According to the bill, violators could face substantial financial fines and potential prison sentences for operating without a license. This move is part of the Russian authorities' broader effort to curb illicit financial activities and enhance regulatory control over the sector. Such increased regulatory pressure in a significant market is expected to dampen market sentiment and reduce liquidity for local crypto operations.