Russia Introduces New Bill To Make Crypto Accessible for Daily Use: Can It Overcome Central Bank Opposition?

Core Insights - Russia is moving towards integrating cryptocurrency into daily life despite ongoing resistance from its central bank [1] - The government is signaling a shift that could allow ordinary Russians to use digital assets more frequently [1] Legislative Developments - A draft bill has been finalized to remove cryptocurrency from Russia's special financial regulation regime, aiming to normalize its use in everyday contexts [2][3] - The legislation is expected to be debated extensively during the State Duma's spring 2026 session, with potential implementation by July 1, 2026 [4][5] Market Readiness - Major Russian stock exchanges are prepared to launch crypto trading platforms pending regulatory approval, indicating a readiness for market integration [5] - The bill has a 70-80% chance of passing, reflecting growing alignment among lawmakers, the Ministry of Finance, and the central bank's evolving stance on digital assets [5] Investor Framework - The proposed legislation introduces a two-tier investor model, distinguishing between retail (non-qualified) and qualified (professional) investors [6][7] - Retail investors will face strict limits, while the framework aims to balance access and control in the trading of digital assets [8]