Russia Legalizes Cryptocurrency Payments đ
- According to Bloomberg, Russia will soon legalize cryptocurrency payments.
- This step aims to facilitate foreign payments by companies facing US sanctions due to the Ukraine war.
- The new draft law will be discussed in the State Duma and is expected to come into force on September 1.
- Cryptocurrencies will be regulated like foreign currencies.
- This development will benefit large exporters and may crowd out small businesses
