Russia's Central Bank has announced a new compliance framework to regulate cryptocurrency transactions by 2026. The proposal, unveiled on December 24, 2025, aims to cover both individual and institutional transactions, introducing retail limits and banning privacy coins. This initiative seeks to manage liquidity and integrate digital assets into Russia's financial system, while also providing a compliant route for capital inflows. The framework is part of Russia's strategy to support alternative cross-border payments amid ongoing sanctions. By establishing a 'walled garden' approach, the Central Bank intends to ensure that digital assets are used within a controlled environment, balancing innovation with regulatory oversight.