Effective September 1, 2026, the law "On Digital Currencies and Digital Rights" will come into force, establishing rules for the circulation of cryptocurrencies in Russia, which will significantly expand the toolkit for importers and exporters. Company A7, which uses the largest ruble stablecoin A7A5 and has already gained experience in digital asset operations, has announced its readiness to share its unique experience with participants in foreign economic activity (FEA).
According to Oleg Ogienko, Director of Government Relations and International Affairs for the A7A5 project, the company's specialists have already developed substantial expertise that can now be particularly in demand.
"For many companies, settlements using digital assets are still a new practice. A7 specialists have already accumulated significant experience in the legal formalization of such operations, compliance procedures, currency control, and interaction with infrastructure participants. After the law comes into force, we will continue to apply this expertise in conducting client operations and plan to adapt our business processes as the Bank of Russia and other relevant regulatory acts are adopted," Ogienko noted.
The Bank of Russia previously clarified that exporters and importers will be able to conduct cross-border settlements in digital currency either through intermediaries or directly; however, the use of such assets within the country will remain limited. All requirements for operators and settlement participants will be specified in the regulator's subordinate acts.
Previously, A7 stated that the main advantage of the regulatory model for cryptoassets being developed in Russia is the high degree of freedom in FEA transactions, while noting some restrictions for individuals and the concentration of the system around banks, which could hinder the development of the Russian digital asset market.
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