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Russia passes comprehensive crypto law with state-supervised trade rails

The measure, approved in Russia’s State Duma, must clear the Federation Council and President Vladimir Putin, with the law expected to take effect after a roughly two-week signature period.

Reported · Written up by our desk · Regulation

Russia’s State Duma has passed its first comprehensive crypto law, creating a state-regulated framework for crypto exchanges, digital depositories, and investors, with an added state-supervised channel for cross-border trade, according to Bitcoin Magazine. Lawmakers cleared bill No. 1194918-8, “On Digital Currency and Digital Rights,” in second and third readings, with next steps including approval by the Federation Council and signature by President Vladimir Putin.

Bitcoin Magazine says the law grants crypto legal identity and a regulated pathway rather than allowing everyday payments, keeping the ruble as the only lawful currency for goods and services inside Russia. It maintains the ban on crypto payments and preserves restrictions on advertising that promotes such use.

Under the new approach, digital assets are recognized as property, participating firms are licensed, and investors can buy within set limits, while crypto is cleared for use in foreign trade, the outlet reports. Anatoly Aksakov, chairman of the Duma Committee on Financial Markets, characterized the bill as aimed at creating legal conditions for cryptocurrencies in Russia and said lawmakers weighed industry feedback “maximally.”

The law also outlines licensing by the Bank of Russia starting September 1, 2026, covering five categories of participants including exchanges, brokers, management companies, depositories, and exchangers. Firms listed in a special registry may run exchange activity with a grace period until July 1, 2027.

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