Bill No. 1194918-8 “On Digital Currency and Digital Rights” passed second and third Duma readings. Still needs Federation Council and presidential signature. Domestic crypto payments remain banned. Bank of Russia central supervisor for licensing exchanges, brokers, custodians, etc.
Non-qualified: 300,000 RUB/year purchases per intermediary; 100,000 RUB abroad transfers. Qualified: 3M RUB purchases; 1M RUB abroad. Main provisions Sept. 1, 2026; transition to July 1, 2027 for compliance; then unlicensed P2P/platforms banned with penalties. BoR implementing regulations still to come.