Russia’s central bank has published a draft measure that would require banks and other financial firms to include customers’ cryptocurrency-related assets and income in official disclosure statements. The proposal would expand the information shown in documents typically used to confirm balances in payment accounts and deposits when clients must report assets to other organizations.

If adopted without changes, the rule would take effect on July 1, 2027. Under the draft, disclosures would cover current crypto holdings, income from coin sales, mining proceeds, and certain legally defined “digital financial assets.”

What the draft would change

The Bank of Russia says information about cryptocurrencies should be added to the statements issued by commercial banks and financial institutions for their clients. Those documents are commonly used when individuals need to declare balances held in bank accounts or deposits.

The proposal also calls for the inclusion of “digital financial assets” as recognized under Russian law. That category includes instruments such as tokens issued on private blockchains and tokenized securities, extending the scope beyond conventional bank products.

Who may be affected by the disclosures

The approved short notice around the draft said the expanded statements would be used in income and asset declarations by civil servants, lawmakers, central bank employees, and staff at state companies. In practice, the change would add crypto-related data to paperwork already used for formal reporting obligations.

If the directive is enacted in its current form, banks and financial firms would be expected to disclose not only a client’s current cryptocurrency holdings but also income received from selling coins and proceeds derived from mining activities.

Part of a broader crypto law

The proposed amendments are tied to Russia’s new law “On Digital Currencies and Digital Rights,” which took effect this year as part of the country’s first broad crypto regulatory framework. According to the source article, the legislation legalized key cryptocurrency transactions and permits ownership of digital coins.

At the same time, the law maintains important limits. Domestic payments using cryptocurrency remain prohibited, meaning ownership and some transactions are allowed, but coins cannot be used freely as a payment method inside the country.

Existing restrictions and the next step

The source article says Russian rules already place several constraints on crypto activity. Purchases are limited to less than $4,000 per year for each non-qualified investor, transfers to non-custodial wallets are banned, and transactions inside Russia must go through licensed platforms, with coins held in state-approved depositories.

The wider market is described as being worth about $44 billion and subject to staged regulation, while authorities continue to promote the digital ruble. The next confirmed step is the fate of the central bank’s draft itself: if it is adopted unchanged, the new disclosure requirements would begin on July 1, 2027.

Source: Cryptopolitan