Bank of Russia

Stories

Russia opens regulated crypto trading under new law

Supervises the regulated crypto market

Russian investors can now buy Bitcoin, Ether, and Tether's USDT through state-licensed platforms. Federal Law No. 282-FZ, which took effect September 1, puts crypto trading, custody, and cross-border settlements under Bank of Russia supervision for the first time.

Updated Sep 2

Russia’s central bank goes to court against Euroclear, opening a new front in the frozen-reserves war

Rule Changes

Escalated from single Moscow lawsuit to announced multi-jurisdiction enforcement strategy; pursuing damages in Russian courts, foreign jurisdictions, and international tribunals

Russia's central bank sued Euroclear in Moscow on December 12, seeking €193.7 billion in damages. Six days later the plan that triggered the lawsuit—using frozen reserves to back Ukraine loans—collapsed at the European Council. Belgium refused the legal risk; the EU pivoted to a €90 billion conventional loan backed by its own budget instead.

Updated May 15