Bitcoin is now ‘legal property’ in Russia

 Russia Passes Bill Taxing Crypto Transactions, Exempts Miners from VAT

Russia just put Bitcoin at the center of its economic chessboard. Earlier today, President Vladimir Putin signed a law that not only recognizes Bitcoin and other cryptocurrencies as legal property but also brings a lot of new regulations to the industry.

Crypto’s decentralized nature makes it harder for Western regulators to track, giving Russia a potential edge in accessing critical resources — military or otherwise.

The stakes are bigger than just domestic control. Russia’s Central Bank has also greenlit a pilot program for cross-border crypto transactions. These transactions are seen as a lifeline for Moscow, allowing the country to sidestep sanctions and purchase restricted goods on international markets.