Putin Signs Law Regulating Digital Currency and Digital Rights
Prefer us on Google
On the 4th, Russian President Vladimir Putin signed a law that comprehensively regulates digital currencies and digital rights, which has been published on the Russian legal information website. The law clarifies the operational rules for cryptocurrency exchange platforms, digital asset custodians, and other market participants, and specifies the conditions under which investors can purchase cryptocurrencies. It covers the circulation, accounting, and storage of digital currencies and foreign digital tools, as well as mining activities and the issuance and circulation of digital rights. The law mandates the regulation of the operations of information system operators for digital financial assets, cryptocurrency exchange institutions, and digital asset custodians. According to the law, Russian citizens can legally invest in cryptocurrencies through domestic exchanges and can trade using services provided by brokers and trust managers. The registration and custody of cryptocurrencies will be handled by digital custodians approved by the Central Bank of Russia, and market participants must comply with information security requirements. The Central Bank of Russia will establish a registry of cryptocurrency exchange institutions and implement a filing management system for credit institutions and brokers. This law will take effect on September 1, with some provisions coming into force on July 1, 2027, or September 1, 2027.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
EU Digital Asset Platforms Risk Losing 10 Million Users Due to MiCA Deadline
Trump's Economic Isolation Plan May Trigger Iranian Retaliation in the Persian Gulf
Just 1% of wallets control $133M in midterm odds on Polymarket, creating a dangerous illusion of mass public consensus
Tencent Chip Head Gao Jianlin Leaves to Start RISC-V AI CPU Venture
Companies on the brink: 153 preventive crisis procedures initiated this year
Mark Cuban Calls Computer Chips the New Digital Asset
Four Ship Abductions in Somalia, Increased Risks in the Strait of Hormuz
Audio AI Company Noiz Completes Tens of Millions in Seed Round Financing
Goldman Sachs: S&P 500 Expected to Rise to 8000 Points, Stock Demand Will Outpace Supply
Three Men Charged with Plotting to Kidnap Bitcoin, Facing 20 Years in Prison
Four witnesses testify in the trial for the disappearance of Loan Peña
U.S. Treasury Removes Some Sanctions on Iran, No Policy Change
Fairshake-backed candidates win primaries in Michigan, Washington
Rocket Lab Secures $397 Million Contract with U.S. Space Force
Trump Announces Hamas Agrees to Disarm, Israel to Withdraw
The Cryptocurrency Market in Russia is Valued at Tens of Billions of Rubles
Sberbank Reports Ruble Shortage Due to Mass Cash Withdrawals
Myanmar Passes Law for Death Penalty in Forced Scam Labor, Life for Crypto Fraud
S&P 500 Earnings Growth Shifts to Semiconductor Industry, Contributing 48% in Q2
Ratification of the Free Trade Agreement between Ukraine and Turkey
U.S. sanctions four Iran central bank crypto wallets, Tether freezes 131 million USDT
Israel Willing to Participate in U.S. Military Actions Against Iran, Awaiting Trump's Decision
Trump Says Iran Is Eager to Reach an Agreement
Trump Claims Iran Has Been Completely Destroyed
Tether CEO: The EU MiCA regulation is "very dangerous" for stablecoins, and abandoning the application is to protect users
Jensen Huang: NVIDIA's collaboration with SK Hynix and SK Telecom may bring hundreds of billions of dollars in opportunities to South Korea
The South Korean police have established a special task force to combat USDT money laundering activities
Catcher Predict: "LoL: DN SOOPers vs Nongshim Red Force (BO3) - LCK Round 1-2" "Both Teams Slay a Dragon" Win rate plummets to 49.5%
Catcher Predict: "LoL: Nongshim Red Force vs Hanwha Life Esports (BO3) - LCK Rounds 1-2" "Match winner" win rate plummets by 30%
Catcher Predict: "LoL: Nongshim Red Force vs KT Rolster (BO3) - LCK Round 1-2" "Both teams killed Baron Nashor" Win rate soared by 23%
EU Digital Asset Platforms Risk Losing 10 Million Users Due to MiCA Deadline
Trump's Economic Isolation Plan May Trigger Iranian Retaliation in the Persian Gulf
Just 1% of wallets control $133M in midterm odds on Polymarket, creating a dangerous illusion of mass public consensus
Tencent Chip Head Gao Jianlin Leaves to Start RISC-V AI CPU Venture
Companies on the brink: 153 preventive crisis procedures initiated this year
Mark Cuban Calls Computer Chips the New Digital Asset
