Svmuu News: On Tuesday, the Russian State Duma passed Bill No. 1194918-8, “Digital Currency and Digital Rights,” in its second and third readings, establishing rules for the operation of crypto assets within the country and for cross-border trade.
The bill establishes a regulatory framework for market participants such as cryptocurrency exchanges, brokers, asset management companies, and custodians, and sets operational requirements for companies in the industry.
The bill permits the use of crypto assets for foreign trade transactions, though payments for goods and services within Russia remain prohibited. Key provisions are expected to take effect on September 1, 2026, with a transition period lasting until July 1, 2027. The bill must still be signed by President Vladimir Putin to become law.