Russia Advances Crypto Bill Ahead of Second Reading

Published by

Nidhi Kolhapur

July 8, 2026

Russia’s Financial Market Committee approved the final version of a cryptocurrency bill, clearing the way for its second reading. The revised bill removes mandatory reporting of crypto wallet addresses, requiring only balances and transaction flows to be disclosed. It also allows cryptocurrency to be used to buy securities and Russian digital financial assets and permits licensed brokers and asset managers to trade on certain foreign crypto exchanges. The bill will next move to its second reading in the legislative process.

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