Russia to strengthen control over digital asset activities from 2026

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The Central Bank of Russia announced plans to tighten supervision of digital asset mining and investment from 2026.

The Bank of Russia has outlined a roadmap that balances openness to digital assets and strict control over potential risks. According to the report on financial market development guidelines for 2026 and beyond published by TASS news agency, the regulator will launch a new phase of supervision aimed at improving transparency and investor protection in the rapidly developing digital assets sector.

The move to tighten controls comes as Russia is gradually legalizing crypto-asset activities, especially after facing international sanctions. The integration of digital assets into the financial system is seen as part of a strategy to diversify payment instruments and reduce dependence on the Western financial system.

For mining, the Central Bank is expected to regularly receive information on the activities of cryptocurrency mining organizations and mining infrastructure operators. This expands on the current regulatory framework issued last year, which limits mining activities to registered organizations and allows unregistered individuals to operate within a maximum monthly electricity consumption of 6,000 kWh.

Expanding the scope of digital asset investment supervision

The current regulation also requires strict reporting procedures to the Federal Tax Agency on the total amount of cryptocurrency mined and related transactions. With the new policy, the Central Bank aims to strengthen law enforcement and bring more Miners operating outside the legal framework under official supervision.

In addition to mining, investments in digital assets will also be subject to increased scrutiny. Since May, the central bank has approved financial institutions to offer financial instruments with yields linked to the value of digital currencies to professional investors, and some private banks have begun to roll out such products.

The regulator stressed that risk monitoring of these investments will be enhanced to ensure the stability of the financial system. Allowed instruments include Derivative, digital financial assets and crypto-linked securities, but are only available to investors with expertise and a high risk tolerance.

The Russian Central Bank believes that increased supervision will help increase market confidence and protect investors' interests, while allowing for the controlled implementation of innovations. This approach reflects a general trend among countries trying to take advantage of the benefits of blockchain technology and digital assets while ensuring the stability and safety of their national financial systems.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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