Russian parliament passes law regulating crypto market
Summary
Russia’s State Duma has approved a bill creating a legal framework for cryptocurrency in Russia. The law sets rules for crypto exchanges, brokers, asset managers, and custodians, and establishes requirements for companies working in the sector. It allows crypto assets to be used for foreign trade, but keeps domestic payments for goods and services prohibited. The main provisions are set to begin on Sept. 1, 2026, with a transition period until July 1, 2027. The bill still needs President Vladimir Putin’s signature to become law. Lawmakers said they incorporated industry feedback during drafting.
