Russia's Duma cleared a crypto regulation bill in its second and third readings. The law allows crypto in foreign trade but bans domestic payments, with a Sept. 2026 effective date pending Putin's signature.
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Russia's State Duma approved a bill establishing rules for the cryptocurrency market, setting conditions for crypto asset operations inside the country and for cross-border trade.
The parliament approved bill No. 1194918-8, titled "On Digital Currency and Digital Rights," in its second and third readings on Tuesday, as lawmakers had scheduled the final votes, according to official parliamentary records.
The legislation creates a regulated framework for crypto market participants, including exchanges, brokers, asset managers and custodians, and sets requirements for companies operating in the sector.
Crypto assets would be allowed in foreign trade operations, while payments for goods and services inside Russia would remain prohibited. The main provisions are expected to take effect on Sept. 1, 2026, with a transition period until July 1, 2027. The bill must still be signed by President Vladimir Putin before it becomes law.
Anatoly Aksakov, chairman of the State Duma's Committee on Financial Markets, said lawmakers "maximally" considered industry feedback during the bill's development, according to RBC Crypto.
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