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JUST IN: Starting in 2026, Russia is legalizing the use of cryptocurrencies for investment and international trade (to circumvent sanctions), but maintains a total ban on domestic payments.
This means that:
Investors and Banks: Russian citizens and banks (such as Sberbank) will be able to trade Bitcoin under strict controls, but this does not make the asset a state reserve.
Control, not state adoption: The government seeks to "channel" the crypto market so that it is supervised and traceable, not to accumulate Bitcoin in its coffers.