Russia Legalises Bitcoin for International Trade: A New Chapter in Crypto

In a significant policy shift, Russia has officially recognized Bitcoin and other digital currencies as property for international trade. This move, enacted by President Vladimir Putin, marks a pivotal moment for the global crypto economy and signals Russia’s intention to utilize cryptocurrencies beyond domestic speculation. The legal framework is implemented through an experimental regime (ELR), granting greater flexibility for testing crypto in international trade settlements. This comes as a workaround to existing sanctions and limitations on financial transactions with traditional currencies like the US dollar or euro. 🌍 💰 🏦 ⚡️