Russia Moves to Legalize Cryptocurrency for Foreign Trade Payments
Russia's finance ministry and central bank have reached an agreement to legalize cryptocurrency use in foreign trade transactions. This formalizes existing practices where Russian entities have already utilized digital assets like stablecoins for cross-border payments.
The decision follows a strategic session focused on economic efficiency, with Finance Minister Anton Siluanov highlighting cryptocurrencies' dual role in facilitating payments and capital movement. Regulators emphasize the need for strengthened oversight to prevent misuse and ensure compliance in this emerging market segment.
Industry observers suggest this move could pave the way for balanced crypto regulation by 2026, as Russia seeks to integrate digital assets into its trade framework while maintaining control over financial flows.
