Why did Russia revise its cryptocurrency bill?

Russia revised its cryptocurrency bill by removing the requirement for cryptocurrency holders to disclose wallet addresses. The updated proposal instead requires users to report wallet balances and transaction volumes to reduce the risk of sensitive information being exposed.

What does the revised Russia cryptocurrency bill allow?

The revised Russia cryptocurrency bill would allow cryptocurrencies to be used to purchase Russian securities and digital financial assets. The proposal would continue to prohibit cryptocurrency payments within Russia except for approved cross-border trade.

How much cryptocurrency can retail investors buy under the Russia bill?

The revised Russia cryptocurrency bill retains the annual investment limit of 300,000 rubles for non-qualified investors. The limit would apply to purchases of the most liquid cryptocurrencies through a single intermediary.

What happens next for the Russia cryptocurrency bill?

The Russia cryptocurrency bill must pass its remaining readings in the State Duma before being approved by the Federation Council and signed by the president. If enacted, it would form the basis of Russia's new cryptocurrency regulatory framework.

Image for illustrative purposes only. Not a real photo.

Russia advances crypto bill with revised disclosure rules

Q: What are the new cryptocurrency transfer rules in the Russia bill?

The revised Russia cryptocurrency bill would require certain large overseas or third-party cryptocurrency transfers to be frozen for up to two days. Lawmakers have not yet specified the transaction threshold that would trigger the temporary freeze.

Written by Heidi Cuthbert Published Jul 8, 2026, 7:46 AM

Russia's State Duma committee approved a revised cryptocurrency bill that removes mandatory wallet address disclosures.
The proposal would allow cryptocurrencies to be used to purchase Russian securities and digital financial assets while retaining a 300,000-ruble annual retail investment limit.
The bill also introduces temporary transfer freezes for certain large overseas cryptocurrency transactions as it moves toward a second reading.

Russia's State Duma Financial Market Committee has approved a revised cryptocurrency bill that removes a requirement for users to disclose wallet addresses while advancing the legislation toward its second reading.

The updated proposal requires cryptocurrency holders to report wallet balances and transaction volumes instead of wallet addresses, while committee chairman Anatoly Aksakov said the change is intended to reduce the risk of sensitive information being exposed.

“The revision is intended to reduce the risk of sensitive information being exposed in ways that could be used against Russia,” said State Duma Financial Market Committee Chairman Anatoly Aksakov.

The revised bill would allow cryptocurrencies to be used to purchase Russian securities and digital financial assets, retain the annual 300,000-ruble retail investment limit for non-qualified investors, and require certain large overseas or third-party cryptocurrency transfers to be frozen for up to two days, although the threshold has not been specified.

If approved through the remaining legislative stages, the bill would establish a broader regulatory framework for Russia's cryptocurrency market, while continuing to prohibit domestic cryptocurrency payments except for approved cross-border trade.

The legislation first passed its initial reading in April and proposed placing the Bank of Russia in charge of licensing cryptocurrency exchanges, brokers and other market participants, while recognising cryptocurrencies as property under Russian law.

The latest revisions come ahead of the planned Sept. 1 launch of Russia's digital ruble, when major banks and large merchants are scheduled to begin supporting the central bank digital currency under the country's rollout plan.