Russia has adopted a law on digital assets. What you need to know

The State Duma has adopted in the second and third readings a law regulating the mining and circulation of digital assets in Russia at the same time

A law on digital assets has been adopted in Russia. It covers many issues, including requirements for miners, rules for the circulation of digital assets and control over their circulation by the Bank of Russia, restrictions on advertising cryptocurrencies and integration with foreign platforms. We will tell you in order.

The first version of the bill was presented by a group of deputies led by the chairman of the State Duma Committee on Financial Markets Anatoly Aksakov in November 2022. However, due to disagreements between departments, its approval was stalled. In April 2024, a revised version was submitted to the lower house, which adopted it in the first reading on July 24, 2024.