In brief
- Russia’s State Duma passed comprehensive crypto regulation in its first reading.
- The bill classifies cryptocurrency as property, enabling legal protection in court proceedings.
- Cross-border crypto transactions are permitted; domestic payments remain prohibited.
Russia’s State Duma passed a comprehensive crypto regulation bill in its first reading, establishing the country’s first formal framework for digital asset regulation while maintaining restrictions on domestic cryptocurrency payments.
Per reports in local media, the legislation would classify cryptocurrency as property, enabling legal protection in court proceedings including bankruptcy and divorce cases. Non-qualified investors would face annual purchase limits of 300,000…
