🇷🇺 LATEST: Russia's President Putin has signed Russia's first comprehensive law regulating crypto exchanges, digital depositories, and digital asset custody, per TASS.

What happened

President Vladimir Putin signed Russia’s first comprehensive law that sets rules for crypto exchanges, digital depositories, and digital‑asset custody, according to TASS.

Confirmed

Global impact / market context

The law creates a legal framework for crypto businesses, which should reduce regulatory uncertainty, encourage formal operations, and potentially attract investment while giving the state clearer oversight of digital assets.

Analyst inference

Globally, many jurisdictions are tightening crypto regulation; Russia’s move aligns it with this trend, signaling that the country will no longer be a loosely regulated crypto haven and may affect cross‑border digital‑asset flows.

Analyst inference

What to watch

1. How quickly crypto exchanges and custodians obtain licences under the new rules, which will indicate the law’s practical impact on market participation. Analyst inference
2. Any amendments or additional guidance from Russian financial regulators that clarify compliance requirements for digital depositories. Analyst inference
3. Reactions from international crypto firms considering entry or expansion in Russia, as their strategies will reflect perceived regulatory stability. Analyst inference

Evidence

• x.com