Russia advances bill to legalize cryptocurrency for foreign trade and property classification

Apr 22, 2026, 3:25:04 PM UTC(19 hours ago)

Impact: Medium

Affected Assets

The Russian State Duma passed the first reading of the On Digital Currency and Digital Rights bill on April 22 2026 to formalize crypto as property
The Central Bank of Russia will serve as the primary regulator with authority to issue licenses and approve or prohibit specific crypto transactions
New regulations permit businesses to use digital assets for foreign trade settlements to bypass international sanctions while maintaining a ban on domestic payments
Only cryptocurrencies meeting specific criteria such as a 5 trillion ruble market cap and 5 year trading history will be permitted for regulated trade
Ordinary citizens will be allowed to purchase digital assets through licensed intermediaries starting July 1 2026 with nonqualified investors limited to 300000 rubles annually

JUST IN: 🇷🇺 Russia advances bill to regulate & classify crypto as property and allow it in foreign trade.