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Russia Legalizes Cryptocurrency Use as Putin Signs New Law
Russia Legalizes Cryptocurrency Use as Putin Signs New Law
Sputnik India
Russian President Vladimir Putin signed a law establishing the legal basis for the legal circulation of cryptocurrencies in Russia, according to a document... 04.08.2026, Sputnik India
2026-08-04T19:00+0530
2026-08-04T19:00+0530
2026-08-04T19:12+0530
business & economy
russia
vladimir putin
cryptocurrency
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The document recognizes digital currency as property, introduces general requirements for its circulation, and empowers the Bank of Russia to allow, regulate, and supervise the organizers of its circulation. At the same time, Russians will have the opportunity to legally invest in cryptocurrency on licensed Russian platforms and use the services of brokers and management companies when conducting operations with it. The purpose of the introduced regulation is to create a legal framework for the crypto market so that it is as comfortable as possible for bona fide participants, guarantees the protection of their rights, and at the same time makes it possible to stop criminal transactions, Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov explained.
https://sputniknews.in/20250929/russia-considers-digital-currencies-a-promising-tool-9841518.html
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russia, vladimir putin, cryptocurrency
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Russia Legalizes Cryptocurrency Use as Putin Signs New Law
19:00 04.08.2026 (Updated: 19:12 04.08.2026) Russian President Vladimir Putin signed a law establishing the legal basis for the legal circulation of cryptocurrencies in Russia, according to a document published on the legal acts portal on Tuesday.
The document recognizes digital currency as property, introduces general requirements for its circulation, and empowers the Bank of Russia to allow, regulate, and supervise the organizers of its circulation. At the same time, Russians will have the opportunity to legally invest in
cryptocurrency on licensed Russian platforms and use the services of brokers and management companies when conducting operations with it.
The purpose of the introduced regulation is to create a legal framework for the crypto market so that it is as comfortable as possible for bona fide participants, guarantees the protection of their rights, and at the same time makes it possible to stop criminal transactions, Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov explained.
