Russia is getting ready to roll out its final regulations on cross-border crypto payments by the end of November! đïž According to Anatoly Aksakov, head of the Financial Market Committee of the State Duma, these new rules will provide clear guidelines for using cryptocurrencies in international trade. đŒđ The Central Bank of Russia and the Ministry of Finance are working closely on this, ensuring smooth and secure transactions.
Earlier this year, Russia kicked off a pilot program to test domestic crypto exchanges, including cross-border payments. đđ While crypto will be allowed for foreign trade, don't expect to use it as a means of payment within the country just yet! This step shows Russiaâs strong focus on market security, keeping illegal activities like weapons and drug transactions in check. đĄïž
Keep an eye on this major move in the crypto space!
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