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The Russian prime minister said that cryptocurrency circulation in Russia was legalized on September 1, with the relevant law signed into effect by the president.
Russian Prime Minister: Circulation of cryptocurrency in Russia has been legalized since September 1
PANews reported on September 22 that, according to Bitcoin Magazine, Russian Prime Minister Mikhail Mishustin stated that the circulation of cryptocurrency in Russia has been legalized since September 1, with the relevant law signed into effect by the president.
Source: https://www.panewslab.com/zh/articles/01a0c8b7-310d-7312-9adf-cac33b33965c
Russian Prime Minister Mikhail Mishustin stated that the circulation of cryptocurrency in Russia has been legalized.
The legalization took effect on September 1.
The relevant law was signed into effect by the Russian president.
The source is PANews, citing a report by Bitcoin Magazine.
The following is analysis, separate from reported facts. Verify important claims independently.
The Russian government announced that, starting September 1, using cryptocurrency for transactions in Russia is permitted by law. Russian Prime Minister Mikhail Mishustin confirmed the decision and stated that the relevant legal document had already been signed by the president, officially becoming law. This means that cryptocurrency circulation in Russia is no longer in a legal gray area but has a clearly defined legal status.
For users following the Russian market or global cryptocurrency regulatory developments, this is an important policy change. It indicates that one of the major economies is using legislation to clarify the legal status of cryptocurrency, which may affect local users’ trading behavior, compliance requirements, and international investors’ views of the Russian market.
Beginners should understand that countries differ widely in their legal treatment of cryptocurrency. Russia’s move means that using cryptocurrency in the country is no longer illegal, but details such as taxation and which platforms are compliant still require further attention. This is a reminder that anyone investing in cryptocurrency must understand the laws and regulations of their jurisdiction.
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