The statements concerning future policy towards cryptocurrency in Russia appeared on October 21 on the official website of Kremlin.
The orders made by President of Russia Vladimir Putin are concerned with new legal regulations which will be applied to cryptocurrency in Russia. The instructions aim at establishing a plan to use cryptocurrency technology to create a unitary payment space with the Eurasian Economic Union, and making a special system for cryptocurrency miners to register and pay taxes on a profit they make.
Moreover, the instructions mention creation so-called "sandbox", which will allow companies to test products under limited conditions.
The Government of the Russian Federation, in conjunction with the Bank of Russia, shall ensure that changes are made to the legislation of the Russian Federation providing for...[the] determination of the status of digital technologies used in the financial sphere and their concepts (including such as "technology of distributed registries", "digital letters of credit", "digital mortgage", "crypto-currency", "token", "smart contract") based on the obligation of the ruble as the only legal tender in the Russian Federation.
Official list of instructions on the use of digital technologies in the financial area
All the instructions should be put through by the government and Central Bank by July 1, 2018.