T-Technologies preparing infrastructure for launching cryptocurrency operations, awaiting regulatory framework
MOSCOW. April 23 (Interfax) - ICPJSC T-Technologies is preparing to launch cryptocurrency operations and is creating the corresponding infrastructure, the group said in its annual report.
The company is actively participating in discussions of the Central Bank of Russia's concept for regulating the crypto market and is submitting its proposals for the bill, it said.
"We have already begun designing infrastructure for cryptocurrency operations in T services and expect to be among the first to offer clients the corresponding product after the document comes into force," the group said.
The bill, which establishes the legal framework for the circulation of digital currencies (cryptocurrency) in Russia, was adopted by the State Duma at its first reading on April 21. According to the document, from July 1, 2026, individuals and companies will be able to legally buy cryptocurrency through licensed intermediaries - exchange offices from the Central Bank registry, brokers and trust managers. It is expected that qualified investors will be able to purchase crypto assets without restrictions, except for anonymous ones, while for non-qualified investors, purchases of up to 300,000 rubles per year will be allowed through a single intermediary. Paying with cryptocurrency inside the country will still be prohibited.
The Finance Ministry has promised to take into account proposals from various participants by the second reading. "The bill is quite lengthy; there are probably nearly a hundred proposals and various kinds of ideas on what could be improved. We are therefore comprehensively working through the issue with the banking community as well, because banks have one set of proposals, current market players have another set, law enforcement also has its own proposals, and in general, there are quite a lot of them. So we are now trying through the State Duma in particular to find the most acceptable solutions for everyone, so that regulation can start working as soon as possible," Deputy Finance Minister Ivan Chebeskov said this week.
