In a premeditated move, the Russian State Duma is moving to regulate all major-cap crypto currencies as property.
If signed, this allows Bitcoin (BTC), Ethereum (ETH), Solana (SOL) & XRP to be traded on a commercial level for merchants, but the retail gets a hard annual cap of 300,000 rubles ($3,800).
Sponsored
Crypto Prediction Markets
18+ · Gambling involves risk. Play responsibly.
Basically, that implies a regular Russian citizen still won’t be allowed to use XRP or any other favorite crypto currency in-shop or pay for goods & services online. The major-caps are simply treated as an investment vehicle or a means of payment in cross-border transactions.
Russian Property Law Opens Quiz-Based Investor Tiers
Russia is known for turning to crypto when it comes to Western sanctions workarounds, so completing the bill “On Digital Currency and Digital Rights” by 22 July, 2026 makes perfect sense: this once again clarifies the Duma’s intentions to keep the domestic market running in Ruble only, while international deals are majorly moving onto crypto.
For retail folks, the latest bill introduces a tiered system: following a knowledge test, they could buy up to 3 million rubles in crypto and transfer up to 1 million rubles in crypto abroad. President Vladimir Putin stamped the mining bill into law in 2024, cementing Russia’s bold pattern of regulated experimentation instead of flat-out bans.
Now, the foreign trade participants have the most room to maneuver, but some restrictions on regular people have been lifted as well: according to the legal docs, the latest draft version removed the requirements for crypto holders to disclose wallet addresses, while reporting would rather focus on balances and transaction volumes.
Still, all of those trades are overseen by the Bank Of Russia, while the provisions are expected to take effect on September 1, 2026. Notably, this move applies a similar strategy to SWIFT.
Major Economies Turn To Crypto For Different Reasons
The largest European financial conglomerate famously blocked Russian participation in the cross-border market back in 2022. This year, they opened a multi-chain ledger specifically for cross-border payments. Other major economies across the globe have been moving towards adoption as well.
For instance, Japan just completed their own digital asset framework, reclassifying assets like Bitcoin (BTC), Ethereum (ETH) & XRP as financial instruments.
However, most of the crypto market participants have their eyes peeled on the CLARITY Act, floating the idea that the U.S. government could negotiate a launch by August, 2026. This becomes way more plausible as the White House just agreed on a crucial ethics package.
The perspective of crypto in the United States is a lot different than Russia’s: it’s widely used as an alternative investment vehicle as well as a means of transferring money within the general public. The United States also has a roster of American-made stablecoins, including USDC & RLUSD, both actively used in tokenization markets.
Discover DailyCoin’s hottest crypto news today:
Stellar Inks Double RWA Record: XLM Price To Follow Suit?
Allbridge’s Déjà Vu Exploit: Same Playbook, Three Years Later
DailyCoin’s Vibe Check: Which way are you leaning towards after reading this article?
Be the first to comment