Russia’s State Duma has passed the second and third readings of bill No. 1194918-8, titled "Digital Currency and Digital Rights," according to Odaily. The bill sets out a licensed regulatory framework for the country’s crypto market, covering crypto exchanges, brokers, asset managers, and custodians. Under the proposal, the Central Bank of Russia would be responsible for issuing licenses and supervising the sector.
The bill draws a clear line between cross-border business use and domestic payments. It would allow companies to use digital assets for foreign trade and cross-border settlements, while keeping a strict ban on the use of cryptocurrency for paying for goods and services inside Russia.
Its core provisions are scheduled to take effect on Sept. 1, 2026, with some supporting rules given a transition period through July 1, 2027. The bill has completed the Duma stage, but it still needs review by the Federation Council and must be signed by President Vladimir Putin before it can formally take effect as federal law.
Russia’s State Duma has completed the second and third readings of bill No. 1194918-8, "Digital Currency and Digital Rights," and passed it, according to Odaily.
The bill would establish a full licensed regulatory system for the crypto market, covering crypto exchanges, brokers, asset management firms, and custodians. The Central Bank of Russia would issue licenses and oversee the sector.
The proposal applies different rules to different use cases. Companies would be allowed to use digital assets for foreign trade and cross-border settlements, while cryptocurrency would remain strictly prohibited as a means of payment for goods and services inside Russia.
Under the current plan, the bill’s core provisions would take effect on Sept. 1, 2026. Some supporting rules would have a transition period running through July 1, 2027.
After clearing the Duma process, the bill still requires review by the Federation Council and must be signed by President Vladimir Putin before it can formally become federal law.
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