Putin Signs Russia's First Crypto Law: Trading Is Legal, Payments Stay Banned
60-second summary
Putin signs Russia's first crypto law, establishing a licensed, central bank-supervised market for trading digital assets, with over 300 companies already registered. Trading is now legal, but payments remain banned. This development marks a cautious approach to regulation, allowing Russia to maintain control while still embracing the growth of the digital asset market.
The new law creates a licensed, central bank-supervised market for trading digital assets, yet crypto remains barred from everyday payments.