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Russia passes crypto law; XRP already trades on Moscow Exchange's regulated platform.

Market News
21 Jul 2026
Coinpaper
View Source
Bullish
Russia passes crypto law; XRP already trades on Moscow Exchange's regulated platform.

Russia's Parliament approved the Digital Currency and Digital Rights Law, establishing a legal framework for licensed crypto businesses effective September 2026. The law allows the Bank of Russia to license exchanges, brokers, asset managers, custodians, and crypto exchangers, while banning cryptocurrencies for domestic payments but permitting cross-border trade use. XRP benefits from this development as it is already traded within Moscow Exchange's regulated Digital Financial Assets ecosystem, giving it an early institutional advantage ahead of the full market launch. This move signals Russia's shift toward blockchain-based finance amid sanctions and economic pressures.

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