Is buying crypto legal in Russia? Buying crypto is still legal in Russia, so it was the “most straightforward way” for Andrey to get his money out.
Did Russia ban cryptocurrency? Amidst internal conflict regarding the status of cryptocurrency in the country, Russian President Vladimir Putin signed into law a new bill Friday, “prohibiting the use of digital assets, such as cryptocurrency and NFTs, to pay for goods and services.”
Does Russia use cryptocurrency? According to Glassnode, another cryptocurrency data service, the number of Russian Bitcoin accounts has increased from 39.9 million to 40.7 million since the February invasion. (The Russian population is about 144 million.)
Is Bitcoin legal in Russian? Since January 1 of last year, cryptocurrencies have been legal in Russia, however they cannot be used to purchase goods or services.