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According to TASS, the Governor of the Central Bank of Russia, Elvira Nabiullina, stated that there are no restrictions on transferring cryptocurrencies from Russia to overseas for all categories of investors, but investors should be aware that such operations currently lack legal protection.

According to CoinDesk, the European Union (EU) has expanded the scope of sanctions against Russia, targeting the A7 cross-border payment network and its newly established African affiliate, as well as the A7A5 stablecoin used to evade sanctions.The latest sanctions package expands the trading ban to 14 crypto-related platforms in countries such as Georgia, the UAE, and Panama, and introduces a tool that can be used to comprehensively prohibit crypto asset services used by Russia.In addition to digital asset measures, the EU has also implemented asset freezes and trading bans on 94 banks and major financial institutions, and expanded the trading ban to an additional 33 Russian credit and financial institutions.

At the 2026 Wiki Finance Expo, Bitget was awarded two industry awards for its innovative performance in the multi-asset trading market: "Global Outstanding All-Asset Innovation Platform" and "Asia's Leading Innovative Trading Platform."Currently, Bitget's CFD daily trading volume reaches 10 billion dollars. The platform has launched a zero-fee model for CFDs and continues to upgrade its CFD copy trading system, extending its mature cryptocurrency trading capabilities to a broader range of multi-asset scenarios.Bitget's Chief Analyst Lewis Huang stated that the next phase of the trading market will be driven by the deep integration of Web3 and traditional finance. Bitget will rely on the UEX architecture to continuously provide users with a more unified, flexible, and global cross-asset trading experience.

According to Jinshi reports, EU diplomats stated that representatives from the EU agreed to freeze the oil price cap for 12 months in the 21st round of sanctions against Russia.

According to Cointelegraph, the State Duma of Russia has passed the bill No. 1194918-8 "Digital Currency and Digital Rights" in its second and third readings on Tuesday, setting rules for the operation of crypto assets and cross-border trade within the country.The bill establishes a regulatory framework for market participants such as cryptocurrency exchanges, brokers, asset management companies, and custodians, and sets operational requirements for industry companies. The bill allows crypto assets to be used for foreign trade activities, while payments for goods and services within Russia remain prohibited. The main provisions are expected to take effect on September 1, 2026, with a transition period until July 1, 2027, and the bill still needs to be signed by President Vladimir Putin to become law.

According to a report by Reuters, the Chief Minister of Johor, Malaysia, stated on Tuesday that the Johor state government has noted and fully supports the decision made at the special meeting of the municipal hall: to revoke the business license of NS0 Malaysia Sdn. Bhd. (Network School) located in Forest City, and to order it to cease all activities starting from July 22, 2026.He stated that this decision was made in accordance with due process and relevant legal provisions, and was ultimately decided after a comprehensive review of the law enforcement inspection report, investigation results, and the statements submitted by the company.Network School had previously attracted widespread attention due to allegations on social media. Some netizens claimed that the project accepted participants from Israel, while Malaysia has not established diplomatic relations with Israel.

According to Bits.media, Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma of Russia, stated that the cryptocurrency market regulation bill will undergo its second and third readings. Aksakov mentioned that the bill will "combat the illegal use of cryptocurrencies" while providing a legal framework for international settlements.According to the bill, non-professional investors must pass a special test to purchase cryptocurrencies, with an annual limit of 300,000 rubles, restricted to trading through licensed institutions, and can only buy the most liquid crypto assets. The bill was originally set to take effect on July 1 but has been postponed to September 1. The Duma's Financial Market Committee has previously rejected several amendments to ease restrictions, including increasing the purchase limit for non-professional investors and allowing the use of non-custodial wallets. If passed, the bill will also require approval from the Federation Council and the president's signature.

The State Duma of Russia will conduct the second and third readings of the cryptocurrency regulation bill on Tuesday. The bill is titled "Digital Currency and Digital Rights," and it includes rules for investors and regulations related to cross-border payments.The bill proposes restrictions for non-qualified investors, including a limit of 300,000 rubles, approximately $3,800, for purchasing cryptocurrency through a single intermediary each year, and a limit of 100,000 rubles for transfers abroad. The purchase limit for qualified investors is set at 3 million rubles, with a limit of 1 million rubles for transfers abroad.If the bill is approved, Russia will establish a legal framework for cryptocurrency activities, covering rules for investors and cross-border trade operations. The main provisions of the bill are expected to take effect on September 1 and will allow companies supplying goods to Russia to use crypto assets.

Multicoin Capital, as the sole institutional investor, invested $1.75 million in Trasia Labs' seed round financing, officially entering the Hyperliquid ecosystem. Trasia is a perpetual contract trading platform natively built on Hyperliquid, primarily targeting the Asian market.Trasia was co-founded by former Multicoin Capital partner and former Stepn team Chief Revenue Officer Mable Jiang, along with Web3 practitioner Edison Chen. It officially launched its first web version on July 17, supporting both Chinese and English languages. The mobile app is expected to be launched in August and has initiated an invitation-based Asia Points rewards program. The platform currently connects to the Hyperliquid native perpetual market in a non-custodial manner and plans to launch its own perpetual contracts based on the HIP-3 protocol, focusing on asset classes that are of high interest to Asian investors, such as AI infrastructure and Pre-IPO. The official statement indicated that over $35 million in HYPE and USDC has been invested to support the growth of the Asian stock perpetual market and related ecosystem.

According to Jinshi reports, Ukrainian President Zelensky stated that Ukraine attacked two major logistics facilities in Moscow and Tambov regions of Russia, and struck Russian oil facilities.

SBI Holdings announced that it has completed the acquisition of a majority stake in the Singapore cryptocurrency platform Coinhako on July 16 and will include it within its consolidated subsidiaries.The transaction has received the necessary approval from the Monetary Authority of Singapore.

According to Bits.media, Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma of Russia, stated that the second and third readings of the criminal liability bill for illegal cryptocurrency transactions will be postponed until the new State Duma is reviewed. The reason is that the Duma's spring session will end on July 27, and there will be an election recess from August to September, with the Duma election voting ending on September 20. Therefore, the review will not resume until the autumn session at the earliest.The bill completed its first reading in early July, with a maximum penalty of 7 years in prison for organizing illegal cryptocurrency circulation. The relevant penalty provisions are proposed to officially take effect on July 1, 2027. Under the current regulatory framework, Russian citizens can only buy and sell cryptocurrencies through institutions holding a license from the Central Bank of Russia, and P2P and over-the-counter transactions may face criminal liability. Aksakov denied concerns that the bill would affect cryptocurrency exchanges and P2P users, stating that the related worries are "unfounded." Meanwhile, another Russian government initiative to strengthen state control over cryptocurrencies, the "Digital Currency and Digital Rights Law," has also been postponed, with the original timelines for implementation in July and September now missed.

According to Bits.media, the final version of the Russian government's cryptocurrency regulation bill includes new restrictions, proposing to prohibit non-professional investors from purchasing foreign stablecoins, a group that encompasses the vast majority of residents in the country. The bill introduces two new concepts: "foreign digital tools" and "non-deliverable foreign digital tools," with collateral-backed stablecoins categorized under the latter.Qualified investors can purchase foreign digital tools, while non-qualified investors can only buy specific assets from a special list provided by the central bank. At the end of June, the Central Bank of Russia proposed a draft regulatory framework for stablecoins, requiring all transactions to be conducted under national control and completed through exchanges or legal exchange points. Central Bank Governor Elvira Nabiullina previously expressed a "cautious attitude" towards foreign stablecoins, as their issuers can freeze assets in users' wallets.

According to The Block, Multicoin Capital has invested $1.75 million in Trasia, completing its seed round financing. This is its first investment in the Hyperliquid ecosystem and makes it the sole investor in the startup.Trasia is built on the Hyperliquid platform and was co-founded by former Multicoin Capital partner Mable Jiang, aiming to serve Asian traders through its perpetual contract platform.

According to Jinshi, the U.S. Department of the Treasury announced the release of counter-terrorism sanctions, targeting relevant entities in Russia and Iran.

According to BFM News, the Johor state government of Malaysia has requested the federal government to investigate the Network School, founded by former Coinbase Chief Technology Officer Balaji Srinivasan, due to allegations that some Israeli citizens participated in the project using third-country passports. The Johor state government has asked the Ministry of Home Affairs and relevant law enforcement and security agencies to verify the identities, nationalities, and entry purposes of the individuals involved, and to investigate whether the operation of Network School requires registration or approval under Malaysian law.At the same time, authorities will also review whether the project complies with relevant regulations regarding site permits, building usage, land use, accommodation operations, and commercial activities. If any violations are found, actions will be taken in accordance with the law. It is understood that Network School is located in Forest City, Malaysia, founded by Balaji Srinivasan, and is a private residential community built based on his "Network State" concept, with membership fees starting at $1,500 per month, offering services such as accommodation, dining, fitness, and shared office space.

According to Bali Discovery, a 41-year-old Russian man was kidnapped in Bali and forced to hand over his cryptocurrency account. The man was stopped while riding his motorcycle after work by a black Nissan Serena, where two masked assailants handcuffed him with plastic handcuffs, blindfolded him, and took him to a two-story house.The man was held captive for about 30 hours, during which he was subjected to violent treatment, including punches and kicks. The assailants forced him to give up his cryptocurrency account password, stole his phone, and used the villa keys taken from his motorcycle to enter his residence and take his second phone, further gaining access to his accounts.Around 4 a.m. on July 4, the man was dumped near Udayana University Hospital in Jimbaran and received treatment. Bali police spokesman Ariasandy confirmed that a report had been received and that they are making every effort to apprehend the suspects.

According to Bits.media, a new draft bill submitted by the Russian government aims to grant the Financial Supervisory Authority the power to monitor all cryptocurrency transactions. For cryptocurrency transactions exceeding 60,000 rubles and foreign trade cryptocurrency transactions exceeding 1,000,000 rubles, the agency will collect complete information such as the full names or corporate names of the payer and payee, wallet addresses, actual addresses, birth dates, and taxpayer identification numbers. Transactions below 60,000 rubles only require the provision of names and wallet addresses.The bill also stipulates that the new limit for digital asset transactions by banks is 1% of the bank group's capital, and banks must hold corresponding funds to cover risks for the purchased cryptocurrencies. The central bank will be authorized to restrict or prohibit specific cryptocurrency operations when they threaten investor interests or may "undermine the stability of the financial system," with the scope extending from non-bank financial institutions to banks. The bill is expected to take effect simultaneously with the main cryptocurrency regulatory legislation, originally scheduled for implementation on July 1, but the review has been postponed. The first deputy governor recently stated that the relevant laws may take effect on September 1.