Putin Signs Law for Regulated Retail Crypto Trading in Russia

President Vladimir Putin signed a law establishing regulated retail cryptocurrency trading in Russia, with statutory rules set to take effect on Sept. 1. The measure was published in the government's official legal gazette on Aug. 4, according to the legal information portal.

Anadolu Agency described the law as Russia's first set of statutory rules for cryptocurrencies and digital assets. It provides legal guidelines for how individuals can hold and trade digital assets under state oversight, rather than in an unregulated market.

Earlier this year, Putin signed a separate law that allowed the use of digital assets in trade, CoinDesk reported. The new law builds on that step by creating a formal retail trading framework.

The legislation's Sept. 1 effective date is the next milestone for the market. Implementation details and compliance requirements for platforms and retail participants will be published by regulators before that date.