Russian State Duma Approves Final Version of Crypto Regulation Bill, Removes Mandatory Wallet Address Reporting

CoinFeed July 8 news, according to Bits.media report, the Russian State Duma Financial Market Committee has approved the final version of the government crypto regulation bill, which will be submitted for second reading deliberation. Committee Chairman Anatoly Aksakov disclosed that the second reading version includes several key adjustments: the mandatory declaration of crypto wallet addresses is removed, replaced by reporting only balance and transaction history to protect residents from sensitive information leakage risks; a new amendment allows for the legal purchase of securities on the securities market and Russian digital financial assets with cryptocurrency; in the future, Russian legal brokers and asset managers may be allowed to trade on foreign crypto exchanges, subject to additional requirements such as the 'friendliness' of the jurisdiction. For non-professional investors, the annual limit through a single intermediary is 300,000 rubles, restricted to 'the most liquid cryptocurrencies'.