Russia crypto bill pass first reading for July 1, 2026

Russia crypto bill don move for State Duma and dem set am make e start regulate from July 1, 2026. For first reading, lawmakers vote for draft “On Digital Currency and Digital Rights,” wey dem introduce for December 2025. E still must pass second and third readings, then Federation Council go review am and president go sign. Main market points for traders: Bill dey treat digital assets as “property” and e strong legal protection for court. E give Central Bank of Russia (CBR) power to license and oversee market players, so activities go mainly dey restricted to approved professional participants. Unlicensed “underground” exchanges and brokers fit get blocked and face serious financial risk. Mining go also become legal under conditions wey tie am to Russian infrastructure and reporting of equipment and output. Cross-border setup: Russia go ban use of crypto for domestic payments (goods, services, or labor), but dem go allow crypto for cross-border settlements — dem position am as alternative payment channel outside normal banks and as way for firms to bypass sanctions. Access go get tiers to cap retail exposure: non-qualified investors fit buy up to 300,000 rubles per year (after knowledge test) in liquid cryptocurrencies, while qualified investors fit buy without that cap. Trading takeaway: This Russia crypto bill dey improve legal clarity (property rights and court defense) but e restrict domestic use, wey fit shift liquidity and demand to sanctioned cross-border settlement flows instead of retail consumption.