The new Russian digital rights law will take effect in October this year by the Russian Parliament, Duma Nagara.
The law will establish the concept of digital rights in Russian law with the addition of a new article, 141.1, from the Civil Code of the Russian Federation.
This new law will determine how digital rights are carried out and transmitted and the mechanism of digital transactions.
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According to Vyacheslav Volodin's press release, saying that the digital rights law "forms the basis for the development of a digital economy. This is a new area for our rights, therefore it is important for us to consolidate the basic concept. "
Aleksandr Zhuravlev, a senior partner at a law firm in Moscow, told Forklog Rusia Russian-language crypto news, that while imperfection persists, the country's approach is mainly better than others.
"Of course the current project has shortcomings which can lead to ambiguity in several fields: determining the nature of the laws of cryptocurrency and mining, as well as several other aspects such as the inheritance of digital financial assets and others,"
This decision brought a lengthy debate about how cryptocurrency is related to civil rights.
Source: cointelegaph
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