Woofun AI reports that the Russian State Duma is scheduled to conduct the second and third readings of bill 1194918-8, titled "Digital Currency and Digital Rights Law", this Tuesday. If approved, the core provisions are set to take effect on September 1st, establishing a regulated framework for cryptocurrency activities.

The draft legislation imposes specific transaction limits: non-qualified investors may purchase up to 300,000 rubles annually through a single intermediary, with a 100,000-ruble cap on foreign transfers. Qualified investors face higher thresholds of 3 million rubles for purchases and 1 million rubles for transfers. Exchanges must verify investor identities and monitor transactions. Anatoly Aksakov stated the bill enables companies to use digital assets for trade settlements "without excessive legal restrictions."