Russia Approves Cryptocurrency Use in International Trade

The Russian government has taken a major step towards legalizing cryptocurrency usage in international trade. A joint agreement between the Ministry of Finance and the Bank of Russia paves the way for crypto payments to facilitate cross-border transactions, signaling a shift in Moscow’s approach to digital assets. Finance Minister Anton Siluanov confirmed the decision following an economic strategy meeting on October 21, emphasizing that regulations will be put in place to oversee these activities.