Russian Government Commission Approves Crypto Regulation Bill

Senator Nyamu has introduced legislation aimed at regulating the use of artificial intelligence. Reports also indicate Sberbank is preparing cryptocurrency-backed loans. A new bill has been introduced to the State Duma to regulate cryptocurrency operations. The government has approved projects concerning the circulation of cryptocurrencies within Russia. The legislation includes provisions for imprisonment for violating cryptocurrency laws. As of April 17, 2026, Russian border guards have the authority to request the unlocking of smartphones and laptops. Refusal to comply with these inspections can result in fines of up to 7,000 rubles. Additionally, individuals may face administrative detention for up to 15 days. This authority stems from an amendment made to the state border law in the summer of 2025.