Russian State Duma Passes Crypto Market Regulation Bill, Awaits Putin's Signature
2026-07-21 11:58
Odaily News The Russian State Duma has passed Bill No. 1194918-8 "On Digital Currencies and Digital Rights" in the second and third readings on Tuesday, establishing rules for the operation of crypto assets and cross-border trade within the country.
The bill creates a regulatory framework for market participants including crypto exchanges, brokers, asset management companies, and custodians, and sets operational requirements for companies in the industry.
The bill allows crypto assets to be used in 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 the signature of President Vladimir Putin to become law.
The bill creates a regulatory framework for market participants including crypto exchanges, brokers, asset management companies, and custodians, and sets operational requirements for companies in the industry.
The bill allows crypto assets to be used in 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 the signature of President Vladimir Putin to become law.
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