Wire · regulatory
Russia Moves To Rein In Crypto Fraud With New Legislation
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Fusion42 · 20 July 2026 · Fusion42 review
Russia is advancing legislation to combat cryptocurrency fraud and establish a legal framework for crypto use in international transactions, with the State Duma voting on the bill this week. The move follows prior laws legalising mining and digital currency payments, and comes as major Russian banks prepare to launch crypto trading services under the new regulatory regime.
This Wire brief sits within Fusion42's coverage of Crypto & Web3 and Fintech.
◆ ◆ The Wire takeaway
If you're building cross-border fintech or payments infrastructure, Russia just legalised a new channel to move money that Western sanctions can't easily touch - and state banks are now the distribution channel. That's a market opening for anyone helping firms settle internationally outside dollar rails.
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1 source · 20 Jul 2026
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