Russia’s State Duma passes major bill regulating crypto market with transition period until 2027
Crypto Briefing 2026-07-21 13:27:58
Context: Russia's parliament, known as the State Duma, has passed a significant bill aimed at regulating the country's crypto market. The legislation establishes a comprehensive framework for the circulation of digital currencies and includes a transition period set to last until 2027. This development marks a major step in Russia's approach to managing and overseeing the use of cryptocurrencies within its borders.
Key Facts
- The bill passed by Russia's State Duma creates the country's first comprehensive framework for digital currency circulation, indicating a significant shift towards regulatory oversight of the crypto market.
- The legislation includes a transition period that is set to last until 2027, suggesting that the full implementation of the regulatory framework will be phased over time.
- The State Duma, being Russia's parliament, is the legislative body responsible for passing this bill, which now moves towards implementation under the country's regulatory structure.