Russia’s State Duma is set to hold the second and third readings of its main crypto regulation bill on July 21, bringing the country closer to a formal legal framework for digital assets. The legislation, titled “On Digital Currency and Digital Rights,” aims to establish rules for crypto trading, investor access, and cross-border transactions. According to Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, the bill would create legal conditions for the functioning of cryptocurrencies in Russia.
Key Provisions
The proposed law would introduce annual crypto purchase limits of 300,000 rubles (approximately $3,800) for non-qualified investors and 3 million rubles for qualified investors. Transfers abroad would carry separate limits of 100,000 rubles and 1 million rubles, respectively. Licensed exchanges, brokers, and other approved intermediaries would operate under the oversight of the Bank of Russia.
Regulatory Framework
The bill has undergone changes during its passage through parliament, including the removal of a proposed requirement for crypto holders to disclose their wallet addresses. The revised version focuses on information such as balances and transaction volumes, and introduces measures that could require certain large transfers to foreign or third-party accounts to remain on hold for up to 48 hours. The planned rules would continue to separate crypto investment from domestic payments, treating digital assets mainly as investment instruments and tools for certain international transactions.
Implementation Timeline
The main provisions of the proposed law are expected to take effect on September 1, 2026, if lawmakers complete the required approval process. This represents a delay from earlier plans, which targeted July for the new framework. Russia has spent several years developing a broader system for cryptocurrency trading and digital asset services, with the government aiming to move crypto activity into a regulated market
Based on reporting from crypto.news.
