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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
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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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