The Russian State Duma will conduct the second and third readings of a cryptocurrency regulation bill on July 21, 2026, setting new legal frameworks for crypto trade and investment. The vote could impose tighter restrictions on retail investors and formalize the use of digital assets in foreign trade.
Key Provisions of the Crypto Bill
The bill, officially registered under number 1194918-8 and titled "Digital Currency and Digital Rights," aims to regulate crypto trading, investor access, and cross-border transactions. Under the draft law, non-qualified investors will be limited to purchasing no more than 300,000 rubles (approximately $3,800) worth of cryptocurrencies annually through one licensed intermediary. They will also face a cap of 100,000 rubles on sending crypto abroad each year. Qualified investors gain higher limits, with a 3 million ruble purchase ceiling and a 1 million ruble foreign transfer cap.
Licensed exchanges, brokers, and intermediaries will oversee regulated transactions, shifting activity away from unlicensed platforms. The Central Bank of Russia will monitor these licensed entities. The bill was previously amended to remove the requirement for investors to disclose wallet addresses.
Implications for Businesses and Investors
Anatoly Aksakov, chair of the State Duma Financial Markets Committee, confirmed the upcoming readings and emphasized the bill’s goal to create a legal environment for cryptocurrencies in Russia. The legislation explicitly permits companies to use digital assets for international trade and payment operations, offering exporters and importers fewer restrictions compared to retail investors. This approach is intended to support foreign trade activities while maintaining tighter control over individual retail investment.
The first reading of the bill took place in April 2026. As the bill moves toward final approval, it marks a significant step in Russia’s regulatory approach to crypto assets, balancing investor protection with facilitating business use cases.
This article is for informational purposes and does not constitute financial advice.
