Russia Approves Final Crypto Regulation Bill, Removes Mandatory Wallet Address Disclosure

According to Bits.media, Russia's State Duma Financial Market Committee has approved the final version of a crypto regulation bill for second reading. The committee removed the mandatory requirement to disclose individual wallet addresses, replacing it with balance and transaction flow reporting to protect citizens from data leakage risks. The revised bill also includes amendments allowing citizens to legally purchase securities using cryptocurrency.

For non-professional investors, annual transfer limits through a single intermediary are set at 300,000 rubles, restricted to "the most liquid cryptocurrencies." The bill introduces a two-day freeze on large transfers to foreign accounts and third parties. Committee chairman Anatoly Aksakov indicated the measure may allow licensed Russian brokers and asset managers to trade on foreign crypto exchanges, subject to jurisdictional "friendliness" requirements.