Russia Recognizes Crypto as Property, Limits Domestic Use

Russian businesses can use Bitcoin and Ethereum for international payments, providing an alternative channel as Western sanctions restrict access to parts of the global financial system. Domestically, crypto remains prohibited as a method of payment. Salaries, goods and services must be settled in rubles.

The law also tightens market participation. Trading must go through licensed intermediaries, and mining operations must be formalized. That gives authorities more ability to monitor transactions, collect taxes and reduce unregulated activity.

Moscow's approach balances two objectives: using crypto as a strategic tool for foreign trade without weakening the ruble's role or reducing government oversight of capital flows. The legislation was approved by the Russian parliament and awaits official publication.