Putin Signs Crypto Market Structure Bill into Law in Russia

President Vladimir Putin has signed a law regulating Russia's crypto market, marking a significant shift in the country's approach to cryptocurrency regulation. The new law focuses on the circulation of cryptocurrencies and digital rights, with the Bank of Russia set to oversee exchanges, brokers, and custodians.

The legislation permits crypto use through licensed intermediaries but continues to ban domestic crypto payments, reflecting a cautious stance on digital currencies within the country.

The law also allows for crypto use in cross-border trade settlements, with main rules set to take effect on September 1, 2026. This development could positively influence Bitcoin's price, according to market activity and prediction-market analysis.