Russia advances a legislative proposal to formally recognize cryptocurrency as marital property, setting new standards for digital asset division in divorce cases. The bill, introduced by lawmaker Igor Antropenko, amends the Family Code to classify digital assets acquired during marriage as joint property, subject to division from 2026. Assets owned prior to marriage or received as gifts/inheritance remain separate property. Prime Minister Mikhail Mishustin and Central Bank head Elvira Nabiullina review the proposal, with the 2026 effective date allowing time for courts and financial institutions to develop compliance procedures. This move occurs amid significant crypto adoption in Russia, which saw an estimated $376.3 billion in transaction volume over one year. Courts will rely on digital forensics, on-chain records, and Know Your Customer exchange statements to trace asset history for enforcement. The initiative aligns with international precedents, such as South Korea's existing treatment of crypto as divisible marital property, and indicates a broader trend in Russia to integrate digital assets into its legal framework. Web3 businesses must prepare for increased judicial requests for account information and transfers, requiring standardized compliance workflows and clear rules for managing asset volatility during valuation. Source: https://theweb3.news/policy/russia-crypto-marital-property/ Hosted on Acast. See acast.com/privacy for more information.

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