Russian State Duma Passes Cryptocurrency Market Regulation Bill, Awaits Putin's Signature
2026-07-21 11:58
Odaily reported that the Russian State Duma has passed Bill No. 1194918-8 "On Digital Currency and Digital Rights" in its second and third readings on Tuesday, establishing rules for the operation of crypto assets within the country and cross-border trade.
The bill establishes a regulatory framework for market participants such as 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 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 companies in the industry.
The bill allows crypto assets to be used 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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