Russia's State Duma Passes Crypto Regulation Bill, Allowing Foreign Trade Settlements but Banning Domestic Crypto Payments

Odaily星球日报讯 The Russian State Duma completed the second and third readings of Bill No. 1194918-8 on "Digital Currency and Digital Rights" and successfully passed it. The bill establishes a comprehensive licensed regulatory system for the crypto market, covering crypto exchanges, brokers, asset managers, and custodians, with licenses issued and supervision implemented by the Central Bank of Russia РИА Н...

The policy adopts differentiated rules: allowing enterprises to use digital assets for cross-border settlements in foreign trade, but strictly prohibiting the use of cryptocurrencies for domestic payment of goods and services within Russia. The core provisions of the bill are scheduled to take effect on September 1, 2026, with some supporting rules having a transition period until July 1, 2027. After clearing the State Duma process, the bill still requires review by the Federation Council and final signing by President Vladimir Putin before it can officially become federal law.