Non-Western States Build Licensed Crypto Perimeters
States outside the United States and the European Union increasingly legalise crypto trading and custody through licensed, state-supervised intermediaries while keeping domestic payment bans, channelling digital-asset flows into institutions their central banks can monitor.
forming · confidence 40 · Emerging (watchlist) · tracking since August 6, 2026 · updated August 6, 2026
Why the conviction moved
- Aug 6Strengthened +6
Putin signed Russia's first comprehensive crypto law, licensing exchanges and custodians under Bank of Russia supervision with most provisions effective 1 September and an intermediary-only trading requirement from July 2027, while the domestic payment ban stays. A named major non-Western state has now converted the pattern from proposal to statute with dated compliance deadlines.
- Aug 6Strengthened +3
The Russian statute creates five licensed participant categories and a digital-depository custody regime under central-bank supervision, with main provisions taking effect 1 September. The depository structure is the concrete mechanism by which flows are channelled into institutions the Bank of Russia can monitor, rather than a general legalisation.
Source trail
Supporting · August 6, 2026
Putin Signs Russia's First Comprehensive Crypto Law and Keeps the Domestic Payment Ban
The Russian statute creates five licensed participant categories and a digital-depository custody regime under central-bank supervision, with main provisions taking effect 1 September. The depository structure is the concrete mechanism by which flows are channelled into institutions the Bank of Russia can monitor, rather than a general legalisation.
Cointelegraph (Telegram)Supporting · August 6, 2026
Putin Signs Russia's First Comprehensive Crypto Law, Licensing Exchanges and Custodians While Keeping the Payment Ban
Putin signed Russia's first comprehensive crypto law, licensing exchanges and custodians under Bank of Russia supervision with most provisions effective 1 September and an intermediary-only trading requirement from July 2027, while the domestic payment ban stays. A named major non-Western state has now converted the pattern from proposal to statute with dated compliance deadlines.
Cointelegraph
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