Russian lawmakers finalize legislation that would remove crypto from special financial regulation, targeting July 2026 implementation.
Russia's parliament has finalized a bill that would transform cryptocurrency from a niche instrument into a mainstream financial tool for ordinary citizens.
State Duma Financial Market Committee chair Anatoly Aksakov announced that lawmakers have completed a bill removing cryptocurrencies from "special financial regulation," according to TASS news agency. Speaking on Russia-24 television, Aksakov stated: "A bill has already been prepared that removes cryptocurrencies from special financial regulation, meaning they will become commonplace in our lives."
The legislation is scheduled for extensive debate during the State Duma's spring 2026 session. If approved, it could take effect as early as July 1, 2026. Under the proposed framework, unqualified investors would be allowed to purchase up to 300,000 rubles (approximately $3,800) worth of crypto annually, subject to passing a risk awareness test.
This bill marks a significant escalation from December's Bank of Russia proposal. The Moscow Exchange and St. Petersburg Stock Exchange are both preparing to offer regulated crypto trading from mid-2026. Major Russian banks have already signaled interest in launching crypto services once the regulatory framework is in place.
Russia recorded $376.3 billion in crypto transactions between July 2024 and June 2025, making it Europe's largest market by volume. The legislation would legitimize this activity while maintaining restrictions on domestic payments and privacy-focused tokens.
The spring session debate will determine final investor limits and exchange requirements. Professional investors would face no volume caps. Criminal liability for unlicensed intermediaries is expected to take effect in 2027.
This is a developing story. The bill's progress through the State Duma will determine whether Russia becomes a regulated crypto haven or maintains tight restrictions on retail access.
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