Russia’s State Duma has passed bill No. 1194918-8, titled "Digital Currency and Digital Rights," in its second and third readings on Tuesday, setting out rules for domestic crypto-asset operations and cross-border trade. The bill creates a regulatory framework for market participants including crypto exchanges, brokers, asset management companies, and custodians, while also imposing operating requirements on firms in the sector. It allows crypto assets to be used in foreign trade transactions, but payments for goods and services inside Russia remain prohibited. The main provisions are expected to take effect on Sept. 1, 2026, with a transition period running until July 1, 2027. The bill still requires the signature of President Vladimir Putin before it can become law.
Russia’s State Duma passed bill No. 1194918-8, "Digital Currency and Digital Rights," in its second and third readings on Tuesday, setting rules for domestic crypto-asset operations and cross-border trade.
Framework for crypto market participants
The bill establishes a regulatory framework for market participants including crypto exchanges, brokers, asset management companies, and custodians. It also sets operating requirements for companies in the industry.
Foreign trade use allowed, domestic payments still banned
Under the bill, crypto assets can be used for foreign trade business. Payments for goods and services inside Russia remain prohibited.
Effective date and next step
The main provisions are expected to come into force on Sept. 1, 2026. The transition period runs until July 1, 2027. The bill still needs to be signed by President Vladimir Putin before it becomes law.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
