In brief
- President Vladimir Putin signed Russia’s first law giving comprehensive rules to crypto exchanges, custodians, brokers, and mining.
- Only firms on a state registry may run exchanges after July 1, 2027, with a 15 million ruble ($187,000) capital floor and a self-regulatory body requirement.
- Using crypto as money is still banned, and banks can block transfers they suspect flow to unregistered providers.
Russian President Vladimir Putin signed the country’s first comprehensive law governing digital currencies on Tuesday, state news agency Tass reported. The legislation sets rules for how crypto is issued, stored, accounted for, and traded, wrapping exchanges, digital depositories, brokers, and clearing houses into one framework.
It…
