Russia's State Duma Approves Crypto Regulation Bill, Bans Domestic Crypto Payments
AI Market Summary
Russia's State Duma passed a bill creating a Central Bank-licensed framework for exchanges, brokers, managers, and custodians, while banning domestic crypto payments but allowing use in cross-border trade settlements. The measure signals tighter compliance requirements and potential market segmentation between onshore payments and external settlement activity. Implementation starts September 1, 2026, and the bill still requires Federation Council review and presidential approval.
Impact level
● Medium
Affected assets
BTC/USDT+2.09%
AI Insight · BTC/USDTAI Insight
● Neutral
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Russia's State Duma has passed Bill No. 11949188, titled "Digital Currencies and Digital Rights," after completing its second and third readings, according to Odaily Planet Daily. The legislation creates a licensing-based regulatory regime for the cryptocurrency market, spanning exchanges, brokers, asset managers and custodians, with licensing and supervision centralized under the Bank of Russia.
The bill adopts a two-track approach: it allows companies to use digital assets for cross-border trade settlements, while imposing a strict ban on using cryptocurrencies to pay for goods and services inside Russia.
Key provisions are set to take effect on Sept. 1, 2026. Related implementing rules will be phased in, with some measures scheduled to enter into force by July 1, 2027. The bill still requires approval by the Federation Council and President Vladimir Putin's signature before it can become federal law.
