Russia’s State Duma has approved a broad cryptocurrency market bill in its second and third readings, moving the country closer to a regulated system for crypto trading, custody and cross-border transactions.
Summary
- Russia’s State Duma approved crypto market rules covering licensed intermediaries, investor limits, and foreign trade.
- Domestic crypto payments remain banned, while approved digital assets can support regulated cross-border commercial settlements.
- Major Russian banks are preparing custody and trading services ahead of the new regulatory framework.
Bill No. 1194918-8, titled “On Digital Currency and Digital Rights,” creates rules for companies…
