Russia’s State Duma committee has approved a revised cryptocurrency regulation bill for its second reading, removing a proposed requirement to declare crypto wallet addresses while adding provisions for crypto-funded investments and new transfer controls.

According to a statement shared through State Duma Financial Market Committee Chairman Anatoly Aksakov’s Telegram channel, the committee endorsed an updated version of the government-backed bill that is expected to move to its second, substantive reading. Records on the State Duma website have not yet been updated since the bill cleared its first reading in April.

Revised bill removes wallet address reporting

Among the biggest changes, the updated draft no longer requires…