TASS: Russia's cryptocurrency regulatory law could take effect as early as September 1st.
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Russia's State Duma approved the final version of the cryptocurrency regulation bill, removing the mandatory requirement to declare wallet addresses.
According to Mars Finance, the Russian State Duma Financial Market Committee has approved the final version of the government's cryptocurrency regulatory bill, which will be submitted for a second reading. Committee Chairman Anatoly Aksakov revealed that the second reading version makes several key adjustments: the requirement to mandatorily declare cryptocurrency wallet addresses has been removed, replaced by only requiring the declaration of balances and transaction records to protect residents from the risk of sensitive information leaks; new amendments allow the legal purchase of securities in the securities market and Russian digital financial assets using cryptocurrencies. In the future, it may allow legitimate Russian brokers and asset managers to trade on foreign crypto exchage, but additional requirements such as jurisdictional "friendliness" must be met. For non-professional investors, the annual limit through a single intermediary is 300,000 rubles, and only for "the most liquid cryptocurrencies." The bill also introduces a two-day freeze on large transfers abroad and to third parties. Aksakov did not specify whether the proposal to ban Russians from using non-custodial cryptocurrency wallets is retained.
The U.S. Securities and Exchange Commission (SEC) is expected to propose cryptocurrency rules as early as this month to streamline the fundraising process for startups.
PANews reported on July 8th that, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has updated its agenda, indicating it plans to propose new cryptocurrency rules as early as this month. The rule would establish a temporary registration exemption for developers launching crypto investment contracts, allow for a certain amount of financing, and create a safe harbor for issuers exiting securities regulation. SEC Chairman Paul Atkins stated that this move aims to achieve the goal of "making the U.S. the global crypto capital," establishing clear rules for crypto asset financing, and providing clear guidance for the custody and trading of on-chain tokenized securities. This is the SEC's first major rule-making effort in the crypto space; previously, the agency had released a digital asset taxonomy and begun developing related plans to promote tokenized securities. The cryptocurrency rule is currently under review by the White House Office of Information and Regulatory Affairs.
Russia's largest bank, Sberbank, plans to launch compliant crypto wallets and custody services this year.
PANews reported on July 6th that, according to CoinDesk, Russia's largest bank, Sberbank, plans to launch a cryptocurrency wallet and digital custody vault by December, provided the "Digital Currency and Digital Rights Law" officially takes effect in September. The service will be integrated into the "Sberbank Online" and "SberInvestments" apps, providing customers with access to authorized crypto assets within the banking system. The new law will establish a licensing framework for crypto trading, custody, fiat currency exchange, and cross-border settlement, with a trading limit of approximately 300,000 rubles (about $3,800) per year for non-accredited investors. Other large banks, including VTB and T-Bank, are also preparing related digital custody services.
Illinois' crypto tax will take effect in January next year; brokers will need to register in advance.
According to Foresight News , citing PYMNTS, Illinois' new crypto tax will take effect on January 1, 2027. Law firm Jones Day advises brokers with operations in the state to register in advance and review their record-keeping processes. The new tax rate is 0.2%, levied on the value of digital assets traded, transferred, or stored by clients in the state, and collected by brokers with a physical presence in the state or total revenue in Illinois exceeding $100,000. Even if they do not meet this threshold, brokers must complete registration by January 1, 2027. Jones Day stated that the bill may face constitutional challenges. The bill was signed into law by Illinois Governor JB Pritzker in June. The Crypto Council for Innovation called it "the most punitive digital asset tax law in the country," and CFTC Chairman Michael S. Selig also stated that this move will put pressure on Chicago's status as a financial center.
A Bitcoin address that had been dormant for nearly 15 years showed unusual activity, sparking a lawsuit in New York concerning the ownership of a "dormant Bitcoin".
According to BlockBeats, on July 6th, a Bitcoin address that had been dormant for nearly 15 years made its first transaction, transferring out 30 BTC, worth approximately $1.88 million at current prices. Galaxy Research's on-chain data shows that address "1KV47" had not made any transactions since receiving 30 BTC in August 2011, until last Saturday when it first transferred funds outwards. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. The plaintiff, "Noah Doe," and two Wyoming-registered companies are attempting to claim ownership of the Bitcoin in these long-inactive addresses under New York State lost property law. Sani, founder of the analytics platform Timechain Index, stated that these addresses collectively hold approximately 3.7 million BTC, worth about $234 billion, including addresses widely believed to belong to Satoshi Nakamoto. Alex Thorn, research director at Galaxy Digital, stated that dormant addresses associated with the lawsuit have seen a significant increase in activity recently. In June, 31 addresses transferred 17,527 BTC, compared to only 5 addresses transferring 4,834 BTC in February. However, the legal community generally considers the lawsuit's grounds weak. Last Friday, a defendant claiming to control one of the addresses, "John Doe 33," filed for dismissal, arguing that Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that the mere fact that an address has been inactive for an extended period does not prove that assets have been abandoned. Under property law, establishing abandonment usually requires proof that the owner had a clear intention to relinquish their property rights. Dormant addresses may simply be due to long-term cold storage, lost private keys, or the holder choosing to hold the property long-term, thus insufficient to support the plaintiff's claims.
New A-share trading rules will officially take effect on July 6, involving several core adjustments including the expansion of after-hours fixed-price trading.
PANews reported on July 5th that, according to Sina Finance, the revised A-share trading rules simultaneously issued by the Shanghai, Shenzhen, and Beijing stock exchanges will officially take effect on July 6th, 2026, covering several optimizations to the trading mechanism. The core adjustments made by the three exchanges according to the revised trading rules are as follows: 1. Shanghai Stock Exchange's key revisions: First, the scope of securities applicable to after-hours fixed-price trading has been expanded from STAR Market stocks to all A-shares and exchange-traded funds (ETFs); second, the trading method for funds at the closing stage has been changed from continuous bidding to closing call auction, with the closing price generated through the call auction; third, the price fluctuation limit for main board risk-alert stocks has been adjusted from 5% to 10%. In addition, adaptive revisions have been made based on rule changes and business needs, including optimizing disciplinary provisions and improving the wording of some rules.