Russian Crypto Bill Nears Final Vote, Introducing Retail Investment Caps and Licensed Exchanges

Summary

Russia's State Duma is moving toward second and third readings of Bill No. 1194918-8, the Digital Currency and Digital Rights Act, with a vote as early as July 21. The bill will legalize regulated cryptocurrency trading and cross-border settlements, though domestic use for goods and services remain…

Key points

Provides a legal participation framework for the Russian market, but strict retail caps and regulatory requirements may limit retail demand and affect market structure.
As a major economy, Russia’s crypto legalization will reshape global cross-border settlement and sanctions-evasion dynamics.
Institutions and cross-border traders gain legal channels, while the retail market remains tightly restricted, potentially driving domestic demand to offshore platforms.

Crypto Regulation

Editorial note

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