Russia\'s State Duma plans to take up a bill regulating the cryptocurrency market for second and third readings on July 22. If passed, the bill would establish a legal framework for crypto activity, including investor rules and standards for cross-border transactions. It sets annual purchase and overseas transfer limits by investor type, and would create legal conditions for Russian companies to use crypto in foreign trade. Key provisions are expected to take effect on Sept. 1.

Russia’s lower house financial markets committee approved amendments to a cryptocurrency regulation bill that drop a plan to require residents to disclose wallet addresses. The revision would instead require reporting only of holdings and transaction volumes, and it adds provisions guaranteeing judicial protection for crypto holdings regardless of past reporting. It keeps investor categories but limits non-qualified investors to high-liquidity assets and sets an annual buying cap of 300,000 roubles per regulated broker.