Putin signs law making Bitcoin legal in Russia and exempting it from taxes
This exemption has the potential to boost the use of digital currencies, as it eliminates the tax burden that typically accompanies traditional financial transactions.
Russian President Vladimir Putin signed a law on Friday (29) that recognizes Bitcoin and cryptocurrencies as legal property. In this way, Russia sanctioned the measure within an experimental legal regime (ELR). The move also shows the country's interest in other forms of currency other than the dollar.
