Russia’s State Duma passes major bill regulating crypto market with transition period until 2027

Russia’s parliament has adopted a major crypto regulation bill that creates the country’s first comprehensive framework for digital currency circulation.

The legislation establishes rules covering crypto exchanges, brokers, custodians, and other market participants while defining how individuals and businesses can buy, store, and trade digital assets.

Under the new framework, crypto use will be permitted through licensed intermediaries, but digital assets cannot be used to pay for goods and services within Russia. The law allows a wider use of crypto in foreign economic activities as the government seeks to support cross-border transactions.

The main provisions are scheduled to take effect in September 2026, with a transition period lasting until July 2027.

Regulators will also continue developing related rules covering crypto taxation, liability for violations, and measures against fraudulent transactions.

This is a developing story.