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CryptoMediumUpdated×5•Originally published 22 April 2026•Updated 22 April 2026•

1 min read

Russian Parliament Approves Bill Legalizing Crypto for Foreign Trade Settlements

A grand, golden Charles Schwab building entrance with a closed metal gate. Behind the gate are large, glowing Bitcoin and Ethereum coins. Desks with computers are on either side.

Key Facts

1The Russian parliament passed a bill in its first reading that permits the use of cryptocurrencies for foreign economic activities.

about 1 month ago

Version History

Version 5about 1 month ago

What changed: The story was updated to include Sberbank's announcement of its readiness to enter the crypto trading market following the new legislative progress.

Version 4about 1 month ago

What changed: Updated to reflect the bill passing its official first reading and to clarify the central bank's direct authority in approving permitted digital assets.

Version 3about 1 month ago

What changed: Added details regarding the implementation timeline (2026-2027), the requirement for licensed intermediaries, and the introduction of potential criminal penalties.

Version 2about 1 month ago

What changed: The story was updated to include details regarding the tightening of regulatory controls and formal market oversight within the new legislation.

Version 1about 1 month ago

What changed: Identified the State Duma as the legislative body and added expectations for increased institutional Bitcoin demand.

Russia's largest lender, Sberbank, has announced its readiness to launch cryptocurrency trading services as soon as the regulatory framework is finalized and organized exchange trading begins. This move follows the State Duma's approval of a landmark bill permitting digital assets for international trade settlements. Sberbank Senior Vice President Ruslan Vesterovsky confirmed that the bank will provide institutional and retail access to digital asset trading once the legal infrastructure is in place. While the new legislation facilitates cross-border commerce through licensed intermediaries, it maintains a strict prohibition on domestic crypto payments. Market experts view Sberbank's planned entry as a significant step toward institutional adoption within Russia's evolving financial landscape. The regulatory roadmap targets full implementation by 2026 and 2027, incorporating rigorous oversight to manage economic pressures.