Bitcoin climbed over $65, 000 as Russian lawmakers push a bill that would allow digital currencies to be used for international trade. The move follows years of sanctions that forced Moscow to look for new ways to handle cross‑border payments.

The proposed law, titled “On Digital Currency and Digital Rights, ” would treat cryptocurrencies as property rather than legal tender. It removes the need for companies to declare wallet addresses while adding checks on large transfers.

Russia’s State Duma is set to read the bill again on July 21. If passed, the rules would come into force on September 1, 2026, giving exporters and importers a legal path to settle overseas contracts.

Crypto is becoming one of several tools Russia considers to bypass traditional banking networks, especially after the U. S. and allies cut Russian banks off from SWIFT in 2022.

The legislation arrives as Moscow deepens trade ties with China, Turkey and India, where alternative payment methods are increasingly vital for Russian businesses.


# Bitcoin Soars Past $65,000 as Russia Eyes Crypto‑Enabled Trade

Bitcoin surged beyond **$65,000** while Russian lawmakers drafted a bill that could make digital currencies legal tools for international commerce.  
This comes after years of sanctions pushed Moscow to seek new avenues for cross‑border payments.

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## The Proposed Law

- **Title:** *On Digital Currency and Digital Rights*  
- Treats cryptocurrencies as **property**, not legal tender.  
- Removes the requirement for companies to disclose wallet addresses.  
- Introduces checks on large transfers.

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## Legislative Timeline

| Date | Event |
|------|-------|
| **July 21** | State Duma will read the bill again. |
| **September 1, 2026** | If passed, rules take effect. |

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## Why It Matters

- **Bypassing SWIFT:** After the U.S. and allies cut Russian banks off from SWIFT in 2022, crypto offers an alternative payment network.  
- **Expanding Trade Ties:** The law aligns with Moscow’s growing commerce links to China, Turkey, and India—regions where non‑traditional payment methods are increasingly vital.

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> **Bottom line:** Russia’s new crypto legislation could give exporters and importers a clear, legal path to settle overseas contracts, potentially reshaping how Russian businesses conduct international trade.



Russian Crypto Law Nears Approval, Bitcoin Surges Past $65k

The Proposed Law

Legislative Timeline

Actions

Date	Event
July 21	State Duma will read the bill again.
September 1, 2026	If passed, rules take effect.