Russia Passes First Round of Crypto Regulation Bill, Implementation to Begin in 2026

　　BroadChain has learned that at 22:16 on April 22, according to Cointelegraph, the Russian State Duma passed a key cryptocurrency regulatory bill in its first reading, aiming to regulate cryptocurrency transactions through licensed intermediaries. The core provisions of the bill are scheduled to take effect in phases in July 2026 and July 2027.

　　The bill establishes a clear licensing framework for cryptocurrency transactions, and unlicensed operations may face criminal penalties. This move marks a crucial step for Russia in bringing crypto assets into the formal regulatory system, aiming to combat illegal financial activities.

　　The new regulations are expected to reshape the landscape of Russia's crypto market, promote industry compliance, and pave the way for more detailed regulatory measures in the future.