Russia Tightens Crypto Payment Rules with New Reporting Thresholds and Bank Limits

Highlights:

• Russia plans stricter oversight of large cross-border crypto payments through automatic reporting to Rosfinmonitoring from September.
• New rules lower the crypto transfer reporting threshold to 60,000 rubles and require more user information.
• Banks face a 1% crypto exposure cap as Russia expands Central Bank powers over digital assets.

Russia is preparing new rules to strengthen oversight of cryptocurrency payments used in foreign trade. Frank Media reported on July 10 that Rosfinmonitoring will monitor large crypto transactions. Rosfinmonitoring is Russia’s financial intelligence agency.

The new rules are expected to take effect on September 1. They will operate alongside the country’s main digital asset law. Under the proposed rules, Rosfinmonitoring will receive information about transactions worth more than 10 million rubles. This will apply when crypto or digital rights are used to settle foreign trade contracts.

The rule will cover deals between Russian residents and foreign companies. Details of these transactions will be sent to the agency automatically. The move will give Russian authorities a clearer view of large cross-border crypto payments.

JUST IN: Russia moves to stricter crypto oversight, mandating detailed reporting for cross-border and larger transfers and capping banks' digital asset exposure at 1% of capital. $RUB, $BTC, $ETH pic.twitter.com/ov9vtoAowD

— Bpay News (@bpaynews) July 10, 2026

Russia Lowers Reporting Threshold for Crypto Transfers

The proposed legislation also introduces stricter reporting rules for regular crypto transfers. The bill would lower the reporting threshold from 100,000 rubles to 60,000 rubles. For transactions above 60,000 rubles, both parties would need to provide detailed information. This includes the names of the sender and recipient, company details, digital account numbers, addresses, dates of birth, and tax identification numbers.

The requirements would be lighter for transactions below 60,000 rubles. In those cases, users would only need to provide their names and digital account addresses. The new rules aim to improve transparency and help authorities track the movement of digital assets more closely.

Russia Caps Banks’ Crypto Exposure and Expands Central Bank Powers

The legislation also sets a strict limit on banks’ exposure to digital assets. Transactions involving digital currencies would be capped at 1% of a banking group’s total capital. Alexander Danilov, head of the Bank Regulation Department, said crypto investments would be fully deducted from a bank’s capital when regulators assess its financial strength.

The bill also gives the Central Bank of Russia wider powers. Until now, the regulator could only restrict crypto activity at non-bank financial firms. Under the new rules, the same powers would apply to traditional banks. The Central Bank could limit or ban certain crypto operations if they pose risks to investors or financial stability.

The wider crypto legislation is already moving through Russia’s parliament. On July 7, the State Duma Financial Market Committee recommended the main “On Digital Currency and Digital Rights” bill for a second reading. The draft has not yet become law, but the committee’s approval brings it closer to another key vote.

🐋 WHALE WATCH: Russia is making a massive pivot on crypto. The Financial Market Committee has cleared the final version of its crypto bill and the implications for institutional liquidity are huge.

The biggest wins ?

1. No more mandatory wallet address reporting privacy win.… pic.twitter.com/QtfMG34oNj

— Whale Factor (@WhaleFactor) July 8, 2026

The main bill also covers court protection for crypto owners, foreign wallet reporting, fraud prevention and investment limits for regular investors. It may also allow Russian brokers and asset managers to work with foreign crypto exchanges under certain conditions. Combined, the proposals demonstrate that the country is developing a broader legal environment for digital assets while maintaining tight control over the industry.