Russian crypto holders get clarity on travel restrictions for digital assets

Description

Russia’s requirements to declare cash when leaving the country and limits on the export of foreign currency do not apply to the crypto holdings of people traveling abroad, a legal analyst has clarified as the summer season peaks. The exemption is largely due to financial regulators stubbornly refusing to accept Bitcoin and the like as currencies in Russia, where such digital assets are currently recognized merely as property and are yet to be properly regulated. Russians are free to travel with ...