# Russia's new cryptocurrency cross-border payment regulations are coming soon! 💼

Anatoly Aksakov, chairman of the Russian State Duma Financial Market Committee, said that the central bank and the Ministry of Finance are stepping up the formulation of regulations for cross-border cryptocurrency payments, which are expected to be completed by the end of November. It will first be tested under an experimental legal system, with only selected credit institutions and banks participating, aimed at reducing risks and protecting the market from fraud.

Companies are already using cryptocurrencies for import and export payments, with transactions amounting to billions of dollars. What do you think of this new regulation? Welcome to discuss in the comments section!