Russia

Deputy chairman Anatoly Popov called the forecast conservative, because most Russian crypto flow will keep bypassing licensed venues and professional participants have until July 2027 to get authorised.

The exchange answered a Kremlin investigator with the passport scan, address and phone number of a customer who had sent $700 to Ukrainian military fundraisers. He has been in a Moscow jail awaiting trial for almost two years.

The Sunday freeze completes a phased seventeen-day cutoff that already caught five smaller venues. Any transfer to a blocked platform trips Binance's compliance queue and can lock the sending wallet.

The European Union's 20th sanctions package against Russia takes effect on May 24, banning EU persons from any transaction with Russian or Belarusian crypto-asset service providers — and, for the first time, with decentralised platforms operating from those jurisdictions.

The EU's 20th sanctions package against Russia includes a total ban on crypto transactions with Russian-based providers, the bloc's most comprehensive crypto-specific enforcement action to date.

Grinex, the sanctioned successor to Garantex, has suspended operations after attackers drained approximately $15 million from its systems. The exchange blamed 'foreign intelligence agencies' — a claim blockchain forensics firms have not corroborated.

The Bank of Russia has proposed mandatory KYC checks for all cryptocurrency transactions on domestic platforms, with a July deadline for legislation that would also require citizens to declare offshore holdings to the Federal Tax Service.

A new Russian bill will require residents to declare all foreign cryptocurrency wallet activity to tax authorities, linking each wallet to an identifier address for state tracking.

Russia's federal cryptocurrency mining law took effect November 1, 2024, establishing a legal framework for registered miners and defining tax treatment for mining income.

Russia formalized legal recognition of cryptocurrency mining on November 1, 2024, through federal legislation that establishes registration requirements, electricity limitations, and restrictions on foreign participation in mining activities.