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Access to the crypto market: the Bank of Russia approves requirements for digital depositories, crypto exchanges and DFA issuance operators

28 September 2026

Since the beginning of 2025, Russian courts have issued several landmark rulings in the field of personal data processing. These cases affect the interests of banks, marketplaces, solid waste management operators, employers, and online platforms. Some positions confirm long-standing approaches (withdrawal of consent does not terminate processing where a contract or legal obligation exists), while others establish new guidelines for businesses (processing of a beneficiary's data without consent, inadmissibility of contacting a previous employer without the candidate's permission).

Our review covers seven recent cases with conclusions that will help DPOs, legal teams, and information security departments minimize risks and establish compliant processes.

Lidings Law Firm Has Successfully Represented the Interests of Chinese Platform DEWU (Poizon) In A Dispute Over the Protection of POIZON Brand in Russia

22 May 2026

The Lidings team, led by Managing Partner Boris Malakhov and including Senior Associate Vladislav Ryabov, Associate Ivan Vasiliev, and Junior Associate Alena Troitskaya, advised the client in the dispute concerning intellectual property and brand protection in the Russian Federation.

Lidings Creates Information Resource for Simplifying Cryptocurrency Accounting and Tax Reporting

31 March 2025
Starting from 2025, the Russian Tax Code includes regulations on cryptocurrency (digital currency) taxation. The Code provides an answer to one of the key questions - how to convert cryptocurrency value into rubles for accounting and tax calculation purposes. For this purpose, a market quotation mechanism has been introduced, applicable to corporate income tax (new Article 282.3 of the Tax Code) and personal income tax (revised clause 1 of Article 211 of the Tax Code).

Lidings - Appointed Exclusive Representative of WEX Crypto Exchange for Accepting Applications of Clients for Refunds – Informs on the Current Status of the Refund Procedure

26 March 2025

As previously communicated to WEX clients, the submission of applications and the compilation of client dossiers were suspended as of September 1, 2024. 

All applications submitted before this deadline have been processed, and the corresponding dossiers have been compiled and submitted to WEX’s management for review. We are pleased to report that significant progress has been made in locating clients, verifying their identities, and obtaining documentation confirming the lawful origin of their funds.