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Russia's State Duma approved Bill No. 1194918-8 'On Digital Currency and Digital Rights' in its second and third readings on July 21, classifying digital assets as property while prohibiting their use in domestic payments, and the law now awaits Putin's signature. Property status gives Russian holders, miners, and courts a clear legal basis for ownership and taxation, which could pull previously gray-market crypto activity into regulated channels and marginally support global BTC liquidity from a sanctions-constrained economy. Watch the final signed text for provisions on cross-border settlement carve-outs, since Moscow has separately pushed crypto for international trade payments to bypass sanctions, a channel that would carry regulatory and compliance overhang for global exchanges.
As a Policy signal, watch whether it changes price action, volatility, or flows around BTC, ETH.
Original Source: Bitcoin.com News
This page is market information analysis, not investment advice.
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