Putin Signs Into Law a National Ban on Crypto Payments in Russia

Russian President Vladimir Putin today signed into law a national ban on using digital assets for payments. Back in January, the Bank of Russia proposed an outright ban on crypto-for payments or investments.

Russia has been in the crypto spotlight since the country invaded Ukraine. As a result, big crypto companies, like Binance and Coinbase, said that they will comply with U.S. or E.U. laws on limiting Russians using exchanges.