Putin signs landmark crypto law allowing regulated retail trading in Russia
The Block·
60-second summary
Putin signs landmark crypto law allowing regulated retail trading in Russia, a significant shift in the country's stance on cryptocurrency. The law permits retail investors to buy and sell cryptocurrencies, but prohibits using them for domestic transactions. This regulatory framework aims to promote cross-border settlements and attract foreign investment, potentially boosting Russia's digital economy.
The law continues to ban the use of crypto to pay for goods and services within Russia, while allowing use for cross-border settlements.