Russia has approved the Digital Currency and Digital Rights Bill, empowering the Central Bank of Russia to authorize digital assets for circulation. To qualify, cryptocurrencies must have a market cap exceeding 5 trillion rubles ($60 billion) and a daily trading volume of at least 1 trillion rubles ($12 billion) over the past two years, with a minimum of five years of public trading history. Bitcoin, Ethereum, and Solana meet these criteria. The bill also prohibits privacy-focused tokens and sets an annual investment cap of $4,000 for retail investors. Non-compliant exchanges and mining companies face fines, while large-scale illegal mining could lead to imprisonment. The bill is set for parliamentary review by July 1, 2026.