meta_id 3213036

On November 27, 2025, the Central Bank of the Russian Federation (Bank of Russia) revoked two prior informational letters and replaced them with three new directives governing digital financial assets and securities regulation. The Bank of Russia rescinded its Informational Letter of February 29, 2024 (No. ИН-018-34/17) concerning certain types of financial instruments and digital financial assets, and its Informational Letter of May 28, 2025 (No. ИН-018-52/86) regarding transactions with specific financial instruments and digital financial assets. These revocations took effect upon publication of the new informational letter. The superseding regulatory framework comprises three new directives: Directive No. 7176-У of September 23, 2025, which establishes criteria for identifying digital financial assets and sets monetary thresholds for their acquisition under Part 9 of Article 4 of the Federal Law on Digital Financial Assets, Digital Currency and Amendments to Certain Legislative Acts of the Russian Federation (No. 259-ФЗ of July 31, 2020), and defines cases for crediting securities under the Federal Law on the Securities Market (No. 39-ФЗ of April 22, 1996); Directive No. 7223-У of October 31, 2025, which specifies indicators determining periodic or one-time monetary payment obligations between contract parties under Article 2 of the Securities Market Law; and Directive No. 7250-У of November 27, 2025, addressing securities and derivative financial instruments designated for qualified investors. The Bank of Russia will publish this informational letter in the Bank of Russia Bulletin and on its official website. First Deputy Chairman Vladimir Chistyukhin authorised the revocation.