# New licensed participants may enter Russia’s crypto market by year-end — Central Bank

https://mins.news/en/item/67218

- TASS, 2026-09-21 10:58 UTC
- Economy
- Original: https://tass.com/economy/2190633

> New participants with expanded powers could enter Russia’s crypto market by the end of the year, Bank of Russia First Deputy Governor Vladimir Chistyukhin said. A transition period runs until mid-2027. The law governing digital currencies took effect on September 1, while domestic crypto and stablecoin settlements are treated as illegal currency transactions and can incur fines of up to 40% of the transaction amount.

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