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Putin Signs Law Giving Cryptocurrency Legal Status in Russia

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Kevin Helms

Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment.

Russian Crypto Bill Signed Into Law

Russian President Vladimir Putin signed into law Friday the bill that regulates digital financial asset (DFA) transactions, Russian media RIA Novosti reported. It was approved by the State Duma, the lower house of the Russian parliament, on July 22 and by the Federation Council on July 24. The law will come into force on Jan. 1, 2021.

The law gives a definition to ...

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