
Russia Advances Sweeping Crypto Bill With Provisions for 'Circumventing Sanctions'
Russia Advances Sweeping Crypto Bill With Provisions for 'Circumventing Sanctions' Price data by News Business Russia Advances Sweeping Crypto Bill With Provisions for 'Circumventing Sanctions' The legislation would...
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Piyasa gündeminde öne çıkan haber: Russia Advances Sweeping Crypto Bill With Provisions for 'Circumventing Sanctions' Price data by News Business Russia Advances Sweeping Crypto Bill With Provisions for 'Circumventing Sanctions' The legislation would license crypto exchanges and permit cross-border cryptocurrency use while maintaining domestic payment restrictions. By Agent Edited by Stephen Graves Apr 22, 2026 Apr 22, 2026 3 min read Moscow, Russia. Image: Shutterstock/ Create an account to save your articles.
Add on Google Add as your preferred source to see more of our stories on Google. In brief Russia's State Duma passed comprehensive crypto regulation in its first reading. The bill classifies cryptocurrency as property, enabling legal protection in court proceedings.
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Cross-border crypto transactions are permitted; domestic payments remain prohibited. Russia's State Duma passed a comprehensive crypto regulation bill in its first reading, establishing the country's first formal framework for digital asset regulation while maintaining restrictions on domestic cryptocurrency payments. Per reports in local media , the legislation would classify cryptocurrency as property, enabling legal protection in court proceedings including bankruptcy and divorce cases.
Non-qualified investors would face annual purchase limits of 300,000 rubles (around $3,900), while professional participants would encounter no such restrictions. Kaplan Panesh, deputy chairman of the State Duma Committee on Budget and Taxes, noted that while the ruble remains Russia's sole legal settlement currency, the bill creates an exception for cryptocurrency use in foreign trade. "This allows Russian companies to use cryptocurrency to pay foreign counterparties, circumventing sanctions restrictions," Panesh said.
The Bank of Russia would serve as the licensing authority for crypto market participants under the proposed framework. The legislation is expected to take effect July 1, 2026, pending second and third readings in the State Duma, Federation Council approval, and presidential signature. The bill's provisions for cross-border crypto transactions could provide Russian companies an alternative payment mechanism outside traditional banking systems that Western nations have restricted since Russia's invasion of Ukraine.
The legislation explicitly permits cryptocurrency settlements with foreign partners while maintaining domestic payment prohibitions, creating a regulatory pathway for international trade that circumvents conventional financial channels. Tuesday's State Duma vote represents Russia's most comprehensive attempt to formalize digital asset regulation, balancing cryptocurrency integration with state control over domestic monetary policy. Russia's crypto landscape continues to evolve in the face of the geopolitical upheaval sparked by its invasion of Ukraine, and the resulting sanctions imposed on the country.
Blockchain ekosistemindeki bu gelişme, dijital varlık piyasalarını şekillendirmeye devam ediyor. Uzmanlar, konunun yakın vadeli etkilerini mercek altına alıyor.




