Russia Moves Closer to Finalizing Crypto Regulation Bill

Russia Moves Closer to Finalizing Crypto Regulation Bill

On July 21, 2026, Russia’s State Duma is scheduled to hold the second and third readings of a significant crypto regulation bill, taking a step towards establishing a formal legal framework for digital assets in the country.

Key Features of the Proposed Bill

The draft legislation, known as bill No. 1194918-8 titled “On Digital Currency and Digital Rights,” aims to set rules for investors nationwide. Notably, non-qualified investors would face a strict annual purchase limit of 300,000 rubles (approximately $3,800) when using a single regulated intermediary. In contrast, qualified investors could transact up to 3 million rubles and transfer up to 1 million rubles abroad.

Cross-Border Transactions and Market Regulation

The bill intends to enhance the legal use of crypto for cross-border trade while maintaining restrictions on domestic payments. Companies engaged in international trade would be able to utilize cryptocurrencies without excessive legal barriers, as stated by Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets. Aksakov emphasized that businesses involved in supplying goods domestically would benefit from reduced restrictions compared to average investors.

Legislative Timeline and Future Steps

While the State Duma’s approval of the bill represents an important advancement, it is essential to note that further approvals will be required before the legislation can be enacted. If the readings proceed as planned, the new framework could take effect on September 1, 2026, having been delayed from initial expectations of a July launch.

Context on Crypto Regulation in Russia

This legislative effort is part of a broader initiative to regulate crypto activity in Russia, aiming to move transactions into a managed environment. The State Duma had previously approved an earlier version of the bill that established purchase limits and a licensing system for market participants. There have been modifications over time, including the removal of a requirement for holders to disclose wallet addresses, shifting focus to information regarding balances and transaction volumes.

As Russia continues to develop its regulatory framework for cryptocurrencies, the proposed legislation highlights the nation’s strategy to harness digital assets primarily as investment vehicles, while navigating restrictions on their use for domestic payments.