In brief
- The State Duma’s second and third readings of a pending crypto bill are scheduled for July 21; if approved, the law takes effect September 1.
- The bill explicitly permits crypto only for international trade, giving Russian companies a legal mechanism to route payments outside Western banking channels.
- Domestic crypto payments remain banned.
Russia’s State Duma, the lower house of its legislative body, takes its final two votes on the country’s first comprehensive cryptocurrency law on Tuesday.
The bill—titled “On Digital Currency and Digital Rights“—still needs Senate approval and Russian President Vladimir Putin’s signature after that, a process Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets,…
