Odaily Planet Daily report: On Tuesday, the Russian State Duma passed Bill No. 1194918-8, "Digital Currencies and Digital Rights," at its second and third readings, establishing regulations for the operation of crypto assets within the country and cross-border trade. The bill creates a regulatory framework for market participants such as crypto exchanges, brokers, asset management companies, and custodians, and sets operational requirements for industry entities. The bill permits the use of digital assets for foreign trade transactions, while payments for goods and services within Russia remain prohibited. Key provisions are expected to take effect on September 1, 2026, with a transition period until July 1, 2027. The bill still requires signature by President Vladimir Putin to become law.
Russia's State Duma passes crypto regulation bill awaiting Putin's signature
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Summary
Russia’s State Duma passed the "Digital Currency and Digital Rights" bill, establishing a framework for digital asset regulation. The law covers exchanges, brokers, and custodians, and permits the use of crypto in foreign trade, while domestic payments remain prohibited. Key provisions take effect on September 1, 2026, with a transition period until 2027. The bill awaits President Putin’s signature. This move could influence liquidity and crypto markets as the regulatory environment becomes more defined.
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