Russia Enters Deliberations on Cryptocurrency Regulation Bill, Bans Domestic Payments While Allowing International Transactions

Set for Implementation in July 2026 if Signed

On April 21, the Russian State Duma (lower house) approved a regulatory bill aimed at enhancing transparency in the cryptocurrency market and protecting investors during its first reading, as reported by Russia's TASS news agency. The bill, proposed by the Russian government, will undergo further readings in the State Duma, followed by the upper house and presidential signature before it becomes law, with implementation scheduled for July 1, 2026.

The bill legally defines cryptocurrencies as 'property'...