JUST IN: 🇷🇺 Russia advances bill to regulate & classify crypto as property and allow it in foreign trade.
Russia's State Duma has approved in first reading a government bill to regulate the cryptocurrency market.
The law defines cryptocurrencies as property. It will be protected in court, included in bankruptcy cases, and recognized in divorces.
Domestic payments in crypto remain banned to protect the ruble, but cryptocurrency will be allowed for cross-border trade and foreign deals.
Only licensed operators, exchanges, brokers, and depositories, supervised by the Bank of Russia will be permitted to organize trading and services.
The bill sets limits for unqualified investors to reduce risks and introduces clear rules for crypto mining using Russian infrastructure.
If passed, the main provisions take effect on July 1, 2026. This creates Russia's first comprehensive legal framework for cryptocurrency. $CHIP
$M
$ZAMA
Russia's State Duma has approved in first reading a government bill to regulate the cryptocurrency market.
The law defines cryptocurrencies as property. It will be protected in court, included in bankruptcy cases, and recognized in divorces.
Domestic payments in crypto remain banned to protect the ruble, but cryptocurrency will be allowed for cross-border trade and foreign deals.
Only licensed operators, exchanges, brokers, and depositories, supervised by the Bank of Russia will be permitted to organize trading and services.
The bill sets limits for unqualified investors to reduce risks and introduces clear rules for crypto mining using Russian infrastructure.
If passed, the main provisions take effect on July 1, 2026. This creates Russia's first comprehensive legal framework for cryptocurrency. $CHIP
$M
$ZAMA