Russia's Central Bank has announced plans to directly regulate cryptocurrency investments by 2026, as revealed at the Finopolis 2025 forum in Sochi. The new regulatory framework will require Russian residents to conduct crypto transactions through licensed financial intermediaries, such as brokers and digital wallet operators, to enhance transparency and anti-money laundering compliance. Under the proposed regulations, financial intermediaries will have the authority to block accounts suspected of receiving funds from unlicensed services. While cryptocurrency will not be recognized as legal tender within Russia, it will be allowed for cross-border transfers under strict regulatory oversight. Licensing procedures for intermediaries are set to begin in 2026, with legal amendments criminalizing illegal crypto transactions expected by 2027. Market participants will have until the end of 2027 to comply with the new rules.