from Russia China, Turkey, United Arab Emirates, India Although it had a large volume of trade with countries like this, it experienced serious problems in the area of ​​international payments. The restrictions imposed on Russia after the war between Russia and Ukraine limited the country’s international money flow.

According to news from Reuters Russiasees crypto assets as the way to overcome this problem. on July 23 A regulation on this matter is expected to be submitted to the country’s parliament.

Before you vote Russian Financial Control ServiceHe stated that the country needs to accelerate infrastructure works for cryptocurrency payments. The service also stressed that potential risks should be taken into account when taking these steps.

Russian cryptocurrency plans are progressing

The head of the service Yuri Chekhchin ““This is a necessity, especially since companies facing sanctions cannot always use standard methods when entering international markets.” he said. Chekhanchin cited lax crypto regulations in some countries as a reason for risk.

In Russia cryptocurrency payments not legal and the regulation is expected to apply only to international payments. Earlier statements by the Central Bank of Russia stated that payment transactions were one of the main problems facing the country’s economy.

Russia is the most in the world countries for crypto mining It is between. It is estimated that cryptocurrencies are used to donate to the Russian military and to send money out of the country. On the other hand, cryptocurrencies are also affected by Western sanctions.