Russia Legalizes Crypto for Global Trade in 2024: What You Need to Know

Russia has legalized cryptocurrency for international trade, starting in summer 2024, a move aimed at mitigating the impact of sanctions. The Bank of Russia, Rosfinmonitoring, and the State Duma will regulate this change. This legal shift provides a potential alternative to traditional banking systems disrupted by sanctions, with Bitcoin (BTC) and Ethereum (ETH) being among those expected to benefit. }