Russia Finalizes Crypto Bill as Digital Assets Gain Legal Status
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Russia's Finance Ministry and Bank of Russia will finalize amendments to a crypto regulation bill at the start of next week ahead of a second reading in the State Duma, formally giving digital assets including Bitcoin and stablecoins legal status as currency valuables. The draft bars crypto as domestic payment tools but places tokens under a regulated investment and trading framework, improving legal clarity and trading access while limiting payment use and broader DeFi adoption.
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- Russia’s Finance Ministry and central bank plan to finish revisions next week.
- The bill is being prepared before its second reading in the State Duma.
- Digital currencies and stablecoins would be treated as currency valuables.
Russia is moving closer to a formal crypto framework as the Finance Ministry and the Bank of Russia prepare final amendments to a digital currency regulation bill. Deputy Finance Minister Ivan Chebeskov said the revised version should be ready at the start of next week, before the bill moves toward its second reading in the State Duma.
The proposal would not make Bitcoin, stablecoins, or other crypto assets legal payment tools inside Russia. Instead, it would place them under a regulated investment and trading framework, giving users legal access while keeping payments restricted.
Russia Prepares Crypto Bill Revisions
Chebeskov said t…
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