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Russia
2026-07-08 21:34:18

Russia Passes Runet Isolation Law, Crypto Industry Faces New Hurdles

The Russian State Duma adopts a law to isolate Runet from the global internet, aiming to create a 'sovereign' space. The law may impact cryptocurrency businesses, increasing costs and regulatory risks. Implementation costs are estimated at 30 billion rubles, sparking industry concerns.

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Russia Passes Runet Isolation Law, Crypto Industry Faces New Hurdles
Russia
2026-07-08 21:32:13

Russia Adopts Runet Law to Isolate Internet, Crypto Industry Faces New Hurdles

Russia's State Duma passed the 'Digital Economy National Program' bill to isolate the Russian internet (Runet) from the global web, creating a sovereign internet space. The law, criticized for high costs and censorship risks, could negatively impact cryptocurrency businesses, pushing developers to seek friendlier jurisdictions.

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Russia Adopts Runet Law to Isolate Internet, Crypto Industry Faces New Hurdles