Russia Tightens Regulations for Foreign Digital Assets to Safeguard Investors

The Central Bank of Russia has expanded its requirements for foreign digital rights (FDR) to access the market. This update aims to safeguard investors from the risks associated with acquiring these instruments.

Starting from August 2024, such assets will be able to operate in the country alongside Russian digital financial assets (DFA).

The regulator’s directive establishes additional criteria for FDR:

The Central Bank has specified that only legal entities recognized as qualified investors will be allowed to purchase FDR.

The bank’s decree will take effect on May 26, 2025.

Additionally, it is worth noting that Russian authorities have announced plans to launch a cryptocurrency exchange aimed at super-qualified investors.