Russia's Crypto Regulation Bill Heads to Final Readings

The Russian State Duma is scheduled to hold its second and third readings of the main crypto regulation bill on Tuesday, July 21. This move brings Russia closer to a formal legal framework for digital assets.

Non-qualified investors in Russia will face an annual purchase limit of 300,000 rubles, approximately $3,800, through a single regulated intermediary. Transfers abroad would be capped at 100,000 rubles annually. In contrast, qualified investors could buy up to 3 million rubles in crypto and transfer up to 1 million rubles abroad.

The bill also expands the legal use of cryptocurrencies for cross-border trade while keeping domestic payments restricted. Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, said that lawmakers plan to consider both remaining readings on July 21. The main provisions are expected to take effect on September 1, 2026, if the approval process is completed.