Orhan 
Russian President Vladimir Putin announced that he has signed a new crypto law recognizing digital assets as property and allowing their use in foreign trade settlements. This law marks a fundamental shift in Russia’s approach to digital currencies, enabling digital assets to hold a more significant role in the country’s economic system.
Under the new law, digital assets will now be recognized as legal property, granting ownership rights over these assets. Additionally, the law allows digital assets to be used in foreign trade transactions, paving the way for their use as alternatives to international payment systems. This regulation aims to further develop Russia’s crypto ecosystem and enhance the role of digital assets in global trade.
While signing the law, Putin emphasized Russia’s goal of strengthening the digital economy and providing a legal framework for cryptocurrency operations. He also noted that the regulation aims to modernize the country’s financial system and ensure digital assets operate in compliance with legal standards.
The law is expected to bolster Russia’s digital financial infrastructure, granting digital assets formal ownership rights and enabling their broader use for trade and investment purposes.
This move by Putin to sign the law clarifies Russia’s stance on digital assets and represents a significant milestone for the future of cryptocurrencies in the country. By introducing more regulations and support for cryptocurrencies, this initiative is likely to attract attention from other nations worldwide.
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