Russia’s State Duma Financial Markets Committee has approved the final version of the country’s landmark crypto bill, dropping mandatory wallet-address reporting and clearing the way for a second reading.
Key Takeaways
Russia’s Duma committee approved the final crypto bill draft, with second and third readings eyed for July 21.The revised text drops mandatory wallet-address reporting; only balances and transaction flows must be declared.The Bank of Russia plans to cap retail purchases near $4,000 a year, limited to BTC, ETH and USDT from 2026.Lastly, lawmakers have pushed to allow withdrawals of digital assets to non-custodial wallets, which the current version of the legislation does not permit. Without that ability, one argument runs, “the owner’s right to dispose of their property is effectively limited.”
