Russian State Duma passes crypto market regulation bill, awaiting Putin's signature
2026-07-21 11:58
Odaily Planet Daily News The Russian State Duma has passed Bill No. 1194918-8 "Digital Currency and Digital Rights" on Tuesday in its second and third readings, setting rules for the operation of crypto assets and cross-border trade within the country.
The bill establishes a regulatory framework for market participants such as crypto exchanges, brokers, asset management companies, and custodians, and sets operational requirements for industry firms.
The bill allows the use of crypto assets for foreign trade operations, while payments for goods and services within Russia remain prohibited. The main provisions are expected to take effect on September 1, 2026, with a transition period until July 1, 2027. The bill still requires President Vladimir Putin's signature to become law.
The bill establishes a regulatory framework for market participants such as crypto exchanges, brokers, asset management companies, and custodians, and sets operational requirements for industry firms.
The bill allows the use of crypto assets for foreign trade operations, while payments for goods and services within Russia remain prohibited. The main provisions are expected to take effect on September 1, 2026, with a transition period until July 1, 2027. The bill still requires President Vladimir Putin's signature to become law.
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