Russia plans to block foreign crypto exchanges this summer to promote the development of local platforms

ZkProver · 2026-02-19T01:09:38+00:00

Russia plans to block foreign cryptocurrency exchange websites by 2026 to direct crypto activities to local platforms, reduce capital outflows, and strengthen regulation. The new legislation is expected to be pushed forward in spring, involving technical filtering, but experts believe that a complete blockade will face difficulties and may lead to activities shifting to opaque channels.

ZkProver

2026-02-19 01:09:38

Abstract generation in progress

ChainCatcher reports that, according to FinanceFeeds, Russia plans to begin blocking foreign cryptocurrency exchange websites in summer 2026 to direct crypto activities to local licensed platforms, reduce capital outflows, and strengthen regulation.

The measure stems from new legislation expected to be promoted in spring, involving technical filtering by Roskomnadzor. Russian participants engage in approximately 50 billion rubles worth of daily crypto trading, most of which occurs abroad.

Sergey Shvetsov, Chairman of the Moscow Exchange Supervisory Board, stated that Russian traders pay about $15 billion in commissions annually to global exchanges, and local platforms aim to capture this market. Experts note that completely blocking foreign platforms is difficult and may push activity toward opaque channels.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes