Russian Crypto Bill Sent to President After Parliament Approval

Russia's State Duma has finalized its approval of a comprehensive framework for digital assets and regulated intermediaries, sending the bill to President Vladimir Putin for signature.

The legislation would establish rules for exchanges, brokers, asset managers, custodians, and other participants in the crypto market, with the Bank of Russia holding significant authority over supervision and determining which crypto assets can be offered via licensed intermediaries.

Key provisions include a ban on using digital assets to pay for goods and services within Russia, but allowing their use in foreign trade operations. Qualified investors would face higher purchase limits than non-qualified ones, with annual ceilings of 3 million rubles and 1 million rubles respectively on cross-border transfers.

The bill's provisions are set to take effect on September 1, 2026, with a transition period through July 1, 2027. Implementation will depend heavily on regulatory follow-through and supporting infrastructure, with the Bank of Russia planning to issue additional regulations by the end of this year.