Russia plans new fees for "unfriendly" crypto tokens; bill targets July 1, 2026 start

Russia is preparing a bill to add fees and trading constraints for crypto tokens it deems "unfriendly," with the State Duma expected to consider it in June and core rules set to begin on July 1, 2026. The proposal would limit non-qualified retail users to Bitcoin, Ethereum, and USDT, while tokens such as USDC and BNB would be treated as higher-risk. The framework also ties into mandatory exchange licensing that could restrict access to unlicensed foreign platforms.