Russian President Vladimir Putin signed the first of two bills on digital assets into law on Friday. The bill, approved by the country's parliament last week, says companies can issue digital securities on a blockchain if the are properly registered with the Bank of Russia as issuers and satisfy certain criteria. Decentralized cryptocurrencies are considered a type of property, which should be reported for tax purposes and cannot be used to pay for good and services. A more detailed law regulating crypto-related businesses is expected to be passed later this year, though no timeline has been disclosed. The previous ... (full story)