According to BeInCrypto, Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, said that the Russian Central Bank and the Ministry of Finance are developing cross-border cryptocurrency payment rules, which are expected to be completed by the end of November. On September 1, the law allowing the use of cryptocurrencies in foreign trade came into effect, but the specific implementation details have not yet been issued. In the initial stage, the encrypted payment mechanism will be tested under an experimental legal system, with only specific credit institutions and banks participating. Aksakov emphasized that cryptocurrencies are only used for foreign trade, and domestic payments will still be prohibited. It is reported that some companies are currently using cryptocurrencies in import and export payments, with transaction volumes estimated to be billions of dollars.