Russia’s Law on Digital Currency and Digital Rights took effect on Sept. 1 but has so far implemented only part of its provisions, mainly those covering cross-border transfers for foreign trade. Cryptocurrency trading within Russia cannot yet operate fully because many key rules have not been issued. The Bank of Russia expects all necessary documents to be ready by early December. Market participants say the infrastructure is largely in place and requires adjustments to meet the new requirements. Sberbank plans to complete construction of a digital custody institution by Dec. 1, while Finam expects to offer services in early 2027. Bank of Russia Governor Elvira Nabiullina said transfers of crypto assets abroad are unrestricted, but warned that transactions conducted outside Russia are not protected by Russian law.