Russia’s newly enacted cryptocurrency regulation has taken effect, placing exchanges, brokers, custodians and digital depositories under a legal framework governed by the Bank of Russia (Russia’s central bank). The rules permit regulated buying, selling and custody of digital assets, along with certain cross-border transactions through approved intermediaries, but do not legalize cryptocurrency payments inside Russia. Market participants are assessing whether the framework will formalize the country’s crypto sector and improve perceptions of Bitcoin, potentially supporting higher price targets. Observers will track how quickly Russian exchanges and custodians meet the new requirements, changes in market pricing, international responses and possible effects on other major markets. Vera offers live prediction-market analysis and invites users to sign up.