Russia Reevaluates Cryptocurrency Rules Amidst Sanctions Pressure

In response to sweeping Western sanctions imposed on Russia following its invasion of Ukraine, the Bank of Russia is exploring ways to ease restrictions on cryptocurrencies. Vladimir Chistyukhin, Deputy Governor of the Bank of Russia, revealed that regulators are discussing easing regulations for digital assets. This proposal stems from Russia’s experience with international financial constraints, where limitations exist on using traditional currencies for foreign payments. }