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Russia advances crypto bill allowing cross-border use, Bitcoin shows strong price support

Market News
20 Jul 2026
CryptoTicker
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Neutral
Russia advances crypto bill allowing cross-border use, Bitcoin shows strong price support

Russia's revised cryptocurrency bill has cleared a key committee stage, removing wallet address declarations and allowing crypto use in cross-border trade while banning domestic payments. The bill also permits crypto-funded investments and introduces controls on large outbound transfers. This move aims to provide Russian exporters and importers a legal way to settle international contracts amid sanctions. Meanwhile, Bitcoin is showing bullish technical signals, holding above key support levels and suggesting potential price gains ahead. The law's final approval is delayed beyond the initial mid-2026 target, pending further readings and approvals.

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