Russian State Duma Passes Crypto Regulation Bill, Awaits Presidential Signature
2026-07-21 19:58

Woofun AI reports that the Russian State Duma approved Bill No. 1194918-8, titled "On Digital Currencies and Digital Rights," during its second and third readings on Tuesday. The legislation establishes a regulatory framework for exchanges, brokers, asset managers, and custodians, while permitting crypto assets for foreign trade operations. Domestic payments for goods and services remain prohibited under the new rules. Key provisions are scheduled to take effect on September 1, 2026, with a transition period extending until July 1, 2027. The bill now awaits President Vladimir Putin's signature to become law.

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