Central Bank introduces new currency control rules for operations with digital currencies

The Central Bank of the Russian Federation introduces currency control rules for transactions involving digital rights as means of payment. These rules will apply to foreign trade contracts involving the use of digital rights.

Registration with banks

Foreign trade contracts involving the use of digital rights require registration with authorized banks. Registration is required for the amount of the contract:

• not less than 3 million rubles for import contracts;
• not less than 10 million rubles for export contracts.

Obligations of residents

Residents of the Russian Federation must send to the bank data on transactions involving the transfer or receipt of digital rights as a means of payment under foreign trade contracts. Information on other currency transactions involving the use of digital rights must also be transmitted.

Entry into force

The new rules come into force on January 11, 2025, based on the Central Bank’s instruction No. 6819-U dated 06.08.2026, which was recently registered by the Ministry of Justice.

These rules aim to ensure transparency and control of digital rights transactions in order to prevent unfair practices and maintain the stability of the financial system.

Conclusion

The introduction of new currency control rules by the Central Bank of the Russian Federation in relation to digital rights transactions represents an important step in regulating financial flows and ensuring transparency in foreign economic activity.

Residents’ obligations to provide information on digital transactions emphasize the need to comply with the new standards, which may increase the level of trust from both government authorities and international partners. Thus, these measures not only strengthen domestic financial stability, but can also form the basis for a clearer and safer environment for the use of digital currencies in international trade.