Russia's Crypto Rails Open September 1 as EU Sanctions Close the Exits: Inside the State-Level Collision

Russia's Crypto Rails Open September 1 as EU Sanctions Close the Exits: Inside the State-Level Collision A Bank of Russia licensing regime for cross-border crypto settlement takes effect on the same calendar the EU is using to blacklist the platforms that carry Russian flows today The Finding Russia's State Duma passed bill No. 1194918-8 on July 21, 2026, and President Vladimir Putin signed it into law on August 4. The law takes effect September 1 and creates the country's first full-framework licensing regime for cryptocurrency exchanges, brokers, custodians and depositories, all supervised by the Bank of Russia. It bans crypto as a means of domestic payment, but it explicitly authorizes cr…