According to PANews, the Russian State Duma has passed a law in its second and third readings that will allow cross-border settlements and exchange transactions using digital currencies within the framework of an experimental legal regime (EPR) starting from September 1, 2024. This legislative move marks a significant step towards integrating digital currencies into Russia's financial system and facilitating international transactions using these assets. The law aims to create a controlled environment for testing and implementing digital currency transactions, potentially paving the way for broader adoption in the future. The experimental legal regime will provide a structured framework for these activities, ensuring compliance with regulatory standards and mitigating associated risks. In addition to this, the Russian State Duma has also passed a law in its second and third readings to legalize cryptocurrency mining in Russia, effective from November. The new legislation outlines the procedures and conditions for conducting such activities, granting the right to engage in crypto mining to Russian legal entities and individual entrepreneurs registered with the Ministry of Digital Development of the Russian Federation. This move is expected to formalize the crypto mining industry in Russia, providing legal clarity and regulatory oversight. The legalization of crypto mining is anticipated to attract investments and foster the growth of the digital economy in the country. By establishing clear guidelines and regulatory frameworks, Russia aims to harness the potential of digital currencies and blockchain technology while ensuring the stability and security of its financial system.