The Bank of Russia announced on September 1 that it has extended restrictions on cash withdrawals of foreign currency until March 9, 2027. ^[1] Russia's Federal Law No. 282-FZ officially came into effect on September 1, granting cryptocurrency a formal place within the country's supervised financial system. ^[2] For citizens whose foreign currency accounts or deposits were opened before March 9, 2022, the withdrawal limit remains at the balance of funds as of 00:00 Moscow time on that date, but not exceeding $10,000 or the equivalent in euros. ^[3] The regulator stated that restrictions on cash foreign currency are maintained due to sanctions imposed against the country, which prohibit domestic financial institutions from acquiring cash currency of Western countries. ^[4] The Bank of Russia raised the official euro exchange rate by 22.99 kopecks to 100.8287 rubles for September 3, 2026. ^[5] Financial firms have until July 1, 2027, to obtain licenses and bring their operations into compliance with the new regulations. ^[6] The Bank of Russia stated that it is still completing rules to determine which cryptocurrencies ordinary investors can buy and how trading venues must calculate prices. ^[7] The new law allows for regulated investment and cross-border use of cryptocurrency through brokers, exchanges, management companies, digital depositories, and organized trading venues. ^[8]