SkyCapital Expands Cooperation with Crypto Services Amid Regulatory Changes
SkyCapital, a financial technology company, has announced an expansion of its partnership program for crypto services in response to new, stricter regulations coming into force in Russia in September 2026. The company will offer its infrastructure to other market participants to help them transition from anonymous P2P transfers to a more transparent, legally compliant business model.
According to SkyCapital's managing director, Dmitry Galkin, the move addresses a growing industry demand. He explained that after the new law takes effect, services lacking proper KYC/AML checks, anti-fraud protection, and SBP (Russia's Fast Payments System) acquiring will only be able to operate under a transitional period. Ultimately, they will face a clear choice: adapt with compliant infrastructure or shut down.
The partnership model allows other crypto services to maintain their own brand and customer interface while utilizing SkyCapital's backend infrastructure. This includes SBP-acquiring, transaction execution, KYC/AML verification, anti-fraud systems, and regulatory reporting. This approach enables faster, more cost-effective compliance for partners without needing to build such systems from scratch.
Galkin warned that non-compliant operators risk not just payment blocks and business limitations, but also potential criminal and administrative prosecution. SkyCapital believes the crypto market is entering a phase where competition is increasingly supplemented by partnerships focused on shared, reliable infrastructure to mitigate operational, regulatory, and reputational risks.
This strategic shift signifies SkyCapital's broader role in the market, moving beyond its own platform to provide technological and compliance solutions for the wider industry. It reflects a broader trend in the Russian crypto sector away from fragmented, informal models towards collaboration around secure and formalized solutions.
cryptonews.ru2 days ago 08:03
