Authorities in Russia are preparing to legalize the use of cryptocurrencies in international payments.
Anatoly Aksakov, Chairman of the Financial Markets Committee of the Duma, the lower house of the parliament, said that efforts are continuing to legally regulate the use of cryptocurrency and cryptocurrency mining in international transactions.
Regulations that will legalize businesses in Russia to make international payments with cryptocurrency Completion in the second half of 2024 is planned.
According to Aksakov’s statement, companies in the country due to the sanctions imposed Using crypto money in foreign transactions started to increase. These transactions St. Connection to the St. Petersburg Stock Exchange is being evaluated.
Cryptocurrency regulations were expected to be brought to the agenda in November. According to Aksakov’s statement, these works were postponed because the authorized institutions could not agree on some basic points.