Russia's Constitutional Court Makes Landmark Ruling: Crypto Assets Legally Protected as USDT Loan Case Sparks Legislative Shift

Landmark Ruling: Crypto Assets Recognized Under Property Law Protection

In a groundbreaking decision regarding a 2023 USDT loan dispute, Russia's Constitutional Court has affirmed that crypto assets qualify for legal property rights protection.

The court criticized lower courts for previously dismissing similar cases based on the argument that 'stablecoins fall outside current digital asset legislation.'

Failure to Declare Doesn't Void Property Rights

The ruling clarifies that individuals' failure to report crypto holdings to tax authorities doesn't invalidate their property rights. The court specified that reporting obligations specifically apply only to cryptocurrency miners.

This precedent-setting decision provides essential judicial guidance for future civil and criminal cases involving digital assets.

Call for Legislative Clarity on Digital Assets

• Legal experts praise the ruling as establishing critical precedent in crypto asset jurisprudence.
• The decision sends a clear message to lawmakers demanding faster legislative progress on crypto classification.
• Analysts suggest this could catalyze significant changes in how courts handle digital asset-related cases.