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Russia's Duma to finalize crypto bill limiting domestic Bitcoin demand on July 21

Market News
20 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Russia's State Duma is set to finalize a new crypto regulation bill on July 21 that will license exchanges and brokers under the Bank of Russia's oversight. The bill classifies cryptocurrency as property, allows crypto for cross-border settlements, but restricts domestic crypto payments. It also introduces purchase limits and risk-awareness tests for retail investors, permitting them to trade only highly liquid assets like Bitcoin, Ethereum, and USDT. These measures are expected to limit long-term domestic demand for Bitcoin and may impact its future price outlook, with the bill's implementation anticipated by September 1, 2026.

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