{"id":75664,"date":"2026-07-20T16:53:15","date_gmt":"2026-07-20T16:53:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/russia-nears-final-crypto-vote-with-retail-caps-licensed-exchanges-and-bitcoin-trade\/"},"modified":"2026-07-20T16:53:15","modified_gmt":"2026-07-20T16:53:15","slug":"russia-nears-final-crypto-vote-with-retail-caps-licensed-exchanges-and-bitcoin-trade","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/russia-nears-final-crypto-vote-with-retail-caps-licensed-exchanges-and-bitcoin-trade\/","title":{"rendered":"Russia Nears Final Crypto Vote With Retail Caps, Licensed Exchanges and Bitcoin Trade"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Russia\u2019s Duma votes July 21 after 327 deputies backed the crypto bill\u2019s first reading.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bank of Russia may cap retail crypto buys at 300,000 rubles, limiting domestic demand.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin trade use could expand Sept. 1, but licensing rules may delay full market access.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Duma Puts Crypto Framework on Final Track<\/h2>\n<p>Draft law No. 1194918-8, \u201cOn Digital Currency and Digital Rights,\u201d is scheduled for second and third readings after the Financial Market Committee recommended the measure for advancement on July 16. The <a href=\"https:\/\/news.bitcoin.com\/russia-drops-wallet-reporting-from-its-final-crypto-bill-heres-what-the-law-now-says\/\">Russian government<\/a> introduced the proposal on April 1. Russia\u2019s Duma will vote on Tuesday, July 21, according to a <a href=\"https:\/\/www.rbc.ru\/crypto\/news\/6a5dddd39a794740f3b686c3\" target=\"_blank\" rel=\"noopener noreferrer\">report<\/a> from RBC reporter Anastasia Kuzmicheva.<\/p>\n<p>The bill cleared its first reading on April 21, with 327 of 340 participating deputies voting in favor. Passage on Tuesday would send the legislation to the Federation Council before it could reach President Vladimir Putin for signature.<\/p>\n<h2>Russia Opens Trade Door but Guards the Ruble<\/h2>\n<p>The proposal would recognize digital currency as property and permit licensed operators to support <span>crypto<\/span> transactions. Exchanges, brokers, custodians and other intermediaries would operate under Bank of Russia supervision.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/closing-the-loopholes-fatf-warns-incomplete-crypto-regulations-are-fueling-illicit-finance\/\">Crypto<\/a> would remain prohibited as payment for goods and services inside Russia. Foreign-trade participants, however, could use digital assets in cross-border settlements, widening access beyond the experimental regime already available to selected companies.<\/p>\n<p>That distinction is central to Moscow\u2019s strategy. The government is seeking alternative settlement channels as Western sanctions restrict access to correspondent banks and conventional payment networks, but it is not prepared to weaken the ruble\u2019s role in domestic commerce.<\/p>\n<h2>Retail Access Comes With a Tight Gate<\/h2>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/bank-of-russia-confirms-september-rollout-for-digital-ruble-with-top-banks-ready-and-connected\/\">Bank of Russia<\/a> is expected to set annual purchase limits for non-qualified investors and require risk testing. A proposed ceiling of 300,000 rubles, roughly $3,800, would sharply restrict ordinary investors while qualified participants receive broader access.<\/p>\n<p>The final framework also dropped an earlier demand that holders disclose individual wallet addresses. Reporting would instead focus on balances and transaction flows, although implementing rules could still determine how private wallets interact with licensed Russian infrastructure.<\/p>\n<p>Mining would remain under Federal Tax Service oversight rather than the Bank of Russia, while regulated financial firms could gain new opportunities in custody, brokerage and foreign-trade settlement services.<\/p>\n<h2>What Bitcoin Traders Should Watch<\/h2>\n<p>For <a href=\"https:\/\/news.bitcoin.com\/strategy-sells-263-5-million-of-mstr-stock-but-adds-no-bitcoin\/\">bitcoin<\/a>, the immediate implication is institutional rather than retail. Legal cross-border use could increase demand from exporters, importers and settlement providers, while licensing may concentrate <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> among state-approved banks and trading platforms.<\/p>\n<p>Russia\u2019s Finance Ministry estimates that roughly 20 million residents hold <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a>. The bill would move a large portion of that activity toward supervised channels, but retail caps and custody restrictions could keep speculative demand constrained.<\/p>\n<p>International scrutiny also remains a risk. Companies handling Russian <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> settlements could face additional compliance reviews or sanctions exposure, particularly when transactions involve restricted entities or counterparties.<\/p>\n<p>Anatoly Aksakov, chairman of the Duma\u2019s Financial Market Committee, has said the legislation is expected to take effect Sept. 1. Additional Bank of Russia rules may be required before fully regulated trading begins, leaving implementation and enforcement as the next major tests.<\/p>\n<p>RBC\u2019s Kuzmicheva quoted Aksakov as saying:<\/p>\n<blockquote>\n<p>\u201cAnd tomorrow [July 21], we will adopt a law in the second and third readings aimed at creating legal conditions for the functioning of <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrencies<\/a> in our country.\u201d<\/p>\n<\/blockquote><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/russia-nears-final-crypto-vote-with-retail-caps-licensed-exchanges-and-bitcoin-trade\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Russia\u2019s Duma votes July 21 after 327 deputies backed the crypto bill\u2019s first reading. Bank of Russia may cap retail crypto buys at 300,000 rubles, limiting domestic demand. Bitcoin trade use could expand Sept. 1, but licensing rules may delay full market access. Duma Puts Crypto [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":75665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75664"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75664"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75665"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}