Russia Enacts Comprehensive Digital Currency and Rights Regulation Framework

Putin signs law regulating crypto exchanges, custodians, mining, and digital rights, establishing oversight for market participants and investor conditions.

Woofun AI reports that Russian President Vladimir Putin signed a law on the comprehensive regulation of digital currencies and digital rights on the 4th. The legislation, published on Russia’s official legal information website, establishes operating rules for cryptocurrency exchange platforms, digital asset custodians, and other market participants. It defines conditions for investor cryptocurrency purchases and governs the circulation, accounting, storage, and mining of digital currencies and foreign digital instruments, alongside the issuance of digital rights. The law also mandates oversight of information system operators issuing digital financial assets, brokers, asset management companies, trading organizers, and clearing institutions.