Putin signs law recognizing digital assets, allowing use in international trade

Russian President Vladimir Putin has signed a new law recognizing digital assets, marking an important step in legalizing cryptocurrency in Russia (BTC, BNB, ETH…). Under the law, cryptocurrency will be considered legal property, and cryptocurrency transactions will not be subject to value-added tax. From 2025, the personal income tax on income from cryptocurrency will be set at 13%, increasing to 15% if income exceeds 23,000 USD per year. The new law also allows the use of cryptocurrency in cross-border transactions without tax, supporting the development of digital innovation and enhancing international economic relations.

At the same time, the law clearly regulates cryptocurrency mining activities, requiring individuals and organizations to register with the Ministry of Digital Development to mine. Those who are not registered can still participate but with government-imposed electricity consumption limits. This demonstrates the Russian government's determination to build a legal framework to regulate cryptocurrency mining and trading activities.