In a major policy shift, Russia has legalized cryptocurrencies for foreign trade operations. The decision, reached by the Finance Ministry and Central Bank, aims to enhance economic trading mechanisms in the face of international sanctions. 2.5 trillion rubles worth of digital assets held by businesses will be impacted. The initiative seeks to integrate cryptocurrencies into international trade by enabling regulated cross-border payments through an Experimental Legal Regime aimed at improving efficiency. The move is expected to boost institutional interest in cryptocurrencies, potentially stabilizing affected sectors and fostering increased engagement in the crypto sector globally.