Overview
- The State Duma passed Bill No. 1194918-8 on Tuesday, July 21, 2026, and forwarded the text to the Federation Council and President Vladimir Putin for signature.
- The law makes digital assets tradable property and gives the Bank of Russia sole authority to license and supervise five participant categories including exchanges, brokers, custodians, depositories and exchangers.
- Retail access is tightly limited with non‑qualified individuals facing a ₽300,000 annual purchase cap through one licensed intermediary and mandatory risk‑awareness testing for investors.
- Lawmakers removed mandatory wallet‑address disclosure and instead require reporting of balances and volumes, allow holds of up to 48 hours on large outbound transfers, and bar privacy coins from regular trading.
- The main provisions take effect on September 1, 2026, with a transition and registration window running to mid‑2027, and major Russian banks are already preparing custody, wallet and trading services to operate under the new regime.