Russia’s lower house of parliament, the State Duma, has advanced a sweeping bill to regulate digital currencies, marking a major step toward formal oversight of the country’s crypto market.

Lawmakers approved the draft legislation in its first reading with 327 of 340 deputies voting in favor. The bill, titled “On Digital Currency and Digital Rights,” was introduced by the Russian government and sets out a comprehensive framework governing how cryptocurrencies can be issued, traded, and stored.

If adopted, the law will take effect on July 1, 2026, though some provisions carry later implementation dates.

The proposal defines key legal concepts, including the…

Read more on BitcoinMagazine