Russia Starts Developing Mechanism for International Crypto Payments

Bitcoin.com | Sep 25, 2022 at 9:30 AM
  • Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions.
  • Now, Russian regulators have turned their attention to the settlement mechanism for cryptocurrency payments in foreign trade.
  • The finance ministry and the monetary authority have also agreed on a draft law concerning crypto mining that will legally define the activity.