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Clifford Chance

Clifford Chance

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Russian court issued the first ever decree recognising cryptocurrency as property (English)

1 June 2018

On 15 May 2018, the full text of a decree issued by the 9th Arbitrazh Appellate Court (the "Court of Appeal") in relation to case No. А40-124668/2017 (the "Decree") was published. According to the Decree, cryptocurrency is recognised as property within the meaning of the Russian civil law. Thus, while special regulations concerning token and cryptocurrency are still being considered by the Russian State Duma, there is already court practice in place that recognises, based on the general principles and scope of the Russian civil legislation, cryptocurrency as an independent class of assets.

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Russian court issued the first ever decree recognising cryptocurrency as property (English)

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