The State Duma of the Russian Federation adopted a law on digital currencies: cryptocurrencies are recognized as property.
The State Duma of the Russian Federation adopted the law "On Digital Currency and Digital Rights" in its second and third readings simultaneously. This step marks an important stage in the formation of the legal framework for the cryptocurrency market in Russia.
According to the new document, digital currencies are officially recognized as property. This is a key change that paves the way for the legal circulation of cryptocurrencies in the country. The law introduces general rules for the circulation of digital assets, including mechanisms for their purchase, sale, and storage. I would particularly note that the document provides for judicial protection of rights to digital currencies, regardless of whether they were previously declared by the owner. This removes one of the main legal barriers for investors.
For the law to come into force, it must be approved by the Federation Council and signed by the president. After that, Russians will have the opportunity to legally invest in cryptocurrencies through Russian exchanges, brokers, and trustees. This will create a transparent and regulated ecosystem that protects the interests of both investors and the state.
As an analyst, I see this decision as a long-awaited signal for the market. Legalizing circulation through controlled channels will not only reduce risks for participants but also allow the state to effectively administer tax revenues. However, the key issue will remain practical implementation: how quickly the infrastructure (exchanges, brokers) will adapt to the new requirements and how strict regulatory oversight will be. Overall, this is a positive step that could attract significant amounts of capital previously in the "gray" zone into the Russian economy.