Russia Prepares Bill to Integrate Crypto into Daily Payments

Anatoly Aksakov, chair of the State Duma Financial Market Committee, announced that a new bill is ready. The legislation would remove cryptocurrencies from “special financial regulation.”

Aksakov told Rossiya-24 that the legislation will focus on developing digital financial assets and crypto. Extensive discussions are planned during the spring parliamentary session.

Making Crypto Part of Daily Life

Currently, cryptocurrencies in Russia operate under strict regulations that limit how they can be used. By removing them from special financial oversight, the government hopes to integrate crypto into everyday payments, retail transactions, and even business operations. This change could encourage merchants, banks, and payment providers to adopt digital assets more widely. This will potentially stream payments and reducing friction in cross-border transactions.

These initiatives allow citizens to pay for utilities, transport, and local taxes using digital currencies like Bitcoin and USDT. Such experiments highlight how regulatory clarity can accelerate adoption. This will give consumers and businesses confidence to use crypto beyond investment purposes.

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The proposed legislation reflects a global trend of governments rethinking crypto rules to balance innovation with security. According to a 2025 Chainalysis report, countries that provide clearer legal frameworks for digital assets see higher on-chain activity and greater integration of crypto in financial services. For Russia, easing regulations could attract fintech startups, enhance blockchain innovation. This will encourage citizens to participate in the digital economy without fear of regulatory penalties.

More About Crypto Regulation

Senate Banking Committee Chairman Senator Tim Scott has released the long-awaited bipartisan Crypto Market Structure Bill text. This is after months of negotiations. The legislation significantly changes how U.S. authorities regulate digital assets. Also, passive yield for stablecoins is effectively restricted, while custodial and ancillary staking services are formally recognized. This will allow registered intermediaries to facilitate staking for customers under clear rules. Customer assets must remain segregated, though pooling in omnibus accounts is permitted for convenience. So, the bill maintains strict AML and KYC requirements for exchanges and brokers, ensuring continued oversight of illicit finance.

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Also, major wins for self-custody include explicit protections for individuals to maintain hardware or software wallets. This will engage in peer-to-peer transactions, and shield wallet developers from being classified as money transmitters. Then, DeFi protocols also receive legal clarity. The bill specifically excludes regulators from treating decentralized platforms and developers as centralized exchanges or brokers. This will create a safe harbor for users and innovators while still prohibiting unlawful activity. Current estimates put the bill’s likelihood of passing in early 2026 at 60-70%.

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