Russia's State Duma approves crypto regulation bill, awaits Putin's signature
AI Market Summary
Russia's State Duma approved a bill establishing a formal regulatory framework for crypto market participants (exchanges, brokers, custodians) and allowing digital assets in cross-border trade, while keeping domestic payments prohibited. The bill awaits Putin's signature and is slated to take effect from Sep 1, 2026, with a transition through Jul 1, 2027. Near-term impact is mainly regulatory clarity rather than immediate flow changes.
Impact level
● Medium
Affected assets
BTC/USDT+1.63%
AI Insight · BTC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Odaily Planet Daily reported that Russia's State Duma on Tuesday approved Bill No. 11949188, titled "Digital Currencies and Digital Rights," in its second and third readings. The legislation sets rules for the issuance and operation of crypto assets in Russia, including their use in crossborder trade.
The bill establishes a regulatory framework for industry participants such as crypto exchanges, brokers, asset management firms, and custodians, and outlines operating requirements for companies in the sector.
Under the proposal, digital assets may be used for foreign trade transactions, while payments for goods and services inside Russia would remain prohibited.
Core provisions are expected to take effect on September 1, 2026, followed by a transition period through July 1, 2027. The measure still requires President Vladimir Putin's signature to become law.
