Russian Constitutional Court rules that encrypted assets are protected by property rights

The Russian Constitutional Court ruled on the 2023 USDT lending dispute that encrypted assets should be protected by property rights laws, denying the lower court's refusal of judicial remedies on the grounds that stablecoins are not within the scope of digital financial asset legislation. The ruling clearly states that failure to declare encrypted assets to the tax authorities does not affect property rights protection, and the declaration obligation only applies to miners. The legal community believes that this ruling sets an important precedent for digital asset related cases and calls on the legislative body to accelerate the clarification of the legal attributes of encrypted assets.