Putin Signs Russia's Crypto Framework Into Law

President Vladimir Putin signed bill No. 1194918-8 into law on August 4, the State Duma's record shows. The measure, titled "On Digital Currency and Digital Rights," creates a formal statutory structure for regulated digital-currency and digital-rights activity inside Russia.

The legislation reached the president on July 24 after completing its parliamentary process. Its enactment replaces a patchwork of experimental arrangements and fragmented rules with a single legal foundation for the crypto market.

Putin's signature shifts the focus from legislative approval to implementation by regulators and intermediaries. The law's effective provisions and accompanying rules will determine how exchanges, custodians, and other participants operate under the new framework, according to the text.

The Duma record confirmed the presidential signature but did not specify the law's effective date. The government will set the timeline for the rules to take effect, the document said.