Russia’s crackdown on cash withdrawals sparks crypto trader fears
The new law allowing Russian banks to cap ATM withdrawals at will is going to seriously impact cryptocurrency trading, experts in the field predict. Small exchange offices and peer-to-peer platforms are likely to be affected the most as Russia takes another step towards completely banning crypto circulation. Targeting fraudsters, Russia to hit crypto traders The new Russian legislation, allegedly designed to fight financial fraud, came into force Sept. 1, 2025. It empowers banks to limit daily cash withdrawals at ATMs to 50,000 rubles ($600) for 48 hours, in case of suspicious transactions. The Central Bank of Russia (CBR) has compiled…