The Russian Ministry of Finance and the Central Bank have reached an agreement to legalize the use of cryptocurrencies for foreign trade transactions. This move marks a significant shift in Russia's approach to digital currencies, aiming to facilitate international trade amidst ongoing economic sanctions. The decision is expected to provide Russian businesses with more flexibility in conducting cross-border transactions, potentially boosting trade efficiency and reducing reliance on traditional financial systems.
Russia to Legalize Crypto Payments for Foreign Trade
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