Russia Cryptocurrency Law Enacts Major Industry Overhaul

Russia's State Duma has enacted its first comprehensive cryptocurrency law, effective 1 September 2026, imposing a $3,800 annual purchase cap on retail investors, requiring crypto exchanges to register with authorities by 1 July 2027, and banning domestic crypto payments except for foreign trade settlements. The move directly counters EU sanctions deployed in April 2026 against Russian crypto providers.

This Wire brief sits within Fusion42's coverage of Crypto & Web3. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.