Russian Crypto Criminal Liability Bill Postponed Until After Duma Elections
2026-07-17 09:36

Woofun AI reports that Anatoly Aksakov, Chairman of the Financial Market Committee of the Russian State Duma, confirmed the postponement of the bill establishing criminal liability for illegal cryptocurrency transactions. The legislation, which passed its first reading in early July and mandates fines or up to seven years imprisonment for unauthorized P2P trades, will not advance during the spring session ending July 27. Instead, it is scheduled for consideration during the fall session following the lawmakers' August to September break. Aksakov clarified that while direct P2P transactions would face criminal charges, ordinary exchangers and users are not the target, emphasizing that crypto trades must occur through Central Bank-registered institutions.

Concurrently, the "Digital Currency and Digital Rights Bill", originally set for July 1 implementation, has been delayed until September 1, coinciding with the conclusion of Duma election voting on September 20.

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