Russia’s State Duma Advances Crypto Framework Bill
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State Duma passed crypto bill in first reading with 327 votes; aims to launch a regulated digital asset market by July 1, 2026, legalizing crypto ownership and trading but banning domestic payments, wages, and purchases. Bill allows sanctioned Russian firms to settle cross‑border deals in crypto, creating a potential sanctions‑workaround and compliance risk for CEXs, DEXs and DeFi protocols. Regulatory clarity could increase adoption and on‑chain activity and support institutional engagement, but strict usage limits and geopolitical risks make the market impact mixed.
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- Russia’s State Duma passed the crypto bill with 327 votes in favor, targeting operation by July.
- Crypto is legal to own and trade, but strictly banned for domestic payments, wages, or purchases.
- Sanctioned Russian firms can settle cross-border deals in crypto, seen as a sanctions workaround.
Russia is finally bringing cryptocurrency out of the grey zone, and the rules are stricter than many expected. The State Duma, Russia’s lower house of parliament, passed the first reading of a landmark crypto bill this week with 327 votes in favor. If fully adopted, the law would launch a regulated digital asset market by July 1, 2026, one that legalizes crypto ownership while keeping tight control over how it can be used.
What The Law Does
The bill draws a clear line between what is and is not permitted:
- Digital currency is recognized as legal property, enforceable in c…
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