Russia Develops Sovereign Crypto Network to Back $10B Digital Market
Russia is moving to build its own cryptocurrency infrastructure to gain control over digital assets and reduce dependence on foreign...
Quick overview
- Russia is developing its own cryptocurrency infrastructure to gain control over digital assets and reduce reliance on foreign systems.
- The initiative aims to create a regulated framework for crypto transactions, supporting mining and enabling international settlements.
- The Bank of Russia acknowledges the potential of cryptocurrency for global transactions, especially amid economic sanctions.
- This national infrastructure could transform Russia's approach to sanctions and digital asset management, positioning it as a leader in sovereign crypto regulation.
Russia is moving to build its own cryptocurrency infrastructure to gain control over digital assets and reduce dependence on foreign systems. Deputy Finance Minister Ivan Chebeskov confirmed that the framework is being developed in partnership with the Bank of Russia, a major step in the country’s crypto stance.
The initiative is about creating an experimental legal framework for crypto transactions within Russia’s financial system. According to TASS, this will allow for secure and regulated crypto operations in trading, mining and international settlements – areas that were previously unregulated.
Chebeskov said: “The market is telling us that we need infrastructure — our own infrastructure, including for mining and everything related to cryptocurrencies.”
State-Controlled Crypto
The Bank of Russia has long opposed using cryptocurrency as a domestic payment method but recognizes its value in international settlements especially as the country is under economic sanctions. The infrastructure could be a national crypto exchange where miners, traders and sanctioned companies can settle global transactions more efficiently.
Russia develops sovereign crypto infra and a Bank of Russia-backed framework to ease transactions for qualified investors pic.twitter.com/e4cyV3O43k
— Emma @ Sorla (@Sorla_Emma) October 4, 2025
Key objectives of the initiative are:
- To create a regulated platform for crypto trading and settlement.
- To support mining through domestic infrastructure.
- To enable cross-border transactions outside traditional banking channels.
Analysts estimate that Russia’s annual crypto transaction volume is over $10 billion so the need for a legal and technical framework that aligns with state security and monetary policy goals.
Reducing Dependence on Foreign Custodians
Local analysts warn that Russia’s reliance on international crypto custody firms puts it at risk especially during geopolitical tensions and asset freezes due to the Ukraine conflict. A homegrown infrastructure would mitigate these risks by having state control and data sovereignty.
The Bank of Russia has already allowed qualified investors to access crypto-based investment instruments so a controlled but expanding approach to digital finance.
If implemented this national infrastructure will change how Russia deals with sanctions, global payments and digital asset management and will put the country at the forefront of sovereign crypto regulation.
With government backing and market pressure Russia’s digital finance blueprint will redefine its role in the global crypto economy.
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