🚨 JUST IN: Russia Moves Toward Landmark Crypto Regulation 🇷🇺₿
Russia has taken a major step toward formalizing its digital asset market after the State Duma approved the bill "On Digital Currencies and Digital Rights" in its second and third readings. The legislation now moves to the Federation Council and then to President Vladimir Putin for final approval before entering into force.
🔹 Key Highlights: ✅ Establishes a legal framework for the circulation of digital currencies and digital rights in Russia for the first time.
✅ Maintains the Russian ruble as the country's only legal tender for domestic payments.
✅ Creates a regulated, state-supervised mechanism allowing cryptocurrencies such as Bitcoin to be used for cross-border trade settlements.
✅ Introduces oversight rules for crypto service providers, trading platforms, and digital asset operations.
✅ Aims to facilitate international trade transactions while preserving monetary sovereignty at home.
📈 The move is being viewed as one of Russia's most significant crypto policy developments to date, signaling growing institutional acceptance of digital assets for international commerce while keeping domestic payments firmly tied to the ruble.
Reference: Russian State Duma approval of the law “On Digital Currencies and Digital Rights” (July 21, 2026), reported by TASS, the Bank of Russia, and Russian government media.
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