Russia Crypto Bill Drops Wallet ID Mandate, Adds Securities Purchase Rules
2026-07-08 09:06

Woofun AI reports that the State Duma’s Financial Market Committee has approved the final version of the cryptocurrency regulation bill for second reading. The revised text eliminates the mandatory declaration of cryptocurrency wallet addresses, requiring only balance and transaction flow disclosures to mitigate data leakage risks. The legislation permits the legal purchase of securities and Russian digital financial assets using cryptocurrency. Future provisions may allow licensed brokers to trade on foreign exchanges within "friendly" jurisdictions. Non-professional investors face a 300,000 ruble annual limit per intermediary, restricted to "the most liquid cryptocurrencies." Additionally, the bill mandates a two-day freeze on large transfers to foreign or third-party accounts, while the status of non-custodial wallet prohibitions remains unclarified.

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Anatoly Aksakov
Aksakov
Bits.media
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