Russia's New Crypto Law Fails to Convince 69% of Russians

Among the 31% who do see a personal use, 8% cited paying for purchases abroad, 6% cited long-term investment, and 4% cited business transfers. Those carve-outs match the foreign-trade settlement and investment provisions the law formalizes. The survey's top requests were honest information without profit promises (38%) and clear rules on liability (36%). Only 15% said they want crypto to fully replace traditional money.

The law passed the State Duma's second and third readings on July 21, cleared the Federation Council on July 24, and was signed August 4. Most provisions take effect September 1, 2026. Crypto exchangers have until July 1, 2027 to join the Central Bank's registry.

That July 2027 deadline will show whether usage among the minority grows once licensed intermediaries are running, or whether the literacy gap persists even with the framework live.