Russia’s Duma Passes Crypto Bill Tightening Control Over Domestic and Cross-Border Trading
Russia’s Duma passes bill to put crypto trading under licensed control Russia’s State Duma approved Bill No. 1194918-8 in its second and third readings on July 21, creating a licensed domestic system for crypto trading and cross-border settlements while keeping crypto payments inside Russia banned. Retail users would have to pass a test and face a 300,000-ruble annual limit through each intermediary, while from July 1, 2027 banks would block direct payments to unlicensed foreign exchanges; the bill still needs approval from the Federation Council and President Vladimir Putin.