🚀 Russia is gearing up for a crypto revolution! Starting September 1, the Russian government will kick off trials on cryptocurrency exchanges and digital token usage for cross-border transactions. This move aims to ease payment woes for local companies hit by international sanctions.
💱 The trials will focus on swapping rubles for cryptocurrencies, potentially offering a lifeline to businesses struggling with cross-border payments. This follows recent legislative changes and President Putin's approval of bills legalizing crypto mining and creating a framework for digital tokens.
🏦 The Central Bank will closely monitor the trials, using the National Payment Card System (NPCS) as the testing ground. If successful, we could see official crypto platforms in Russia by 2025! 🌐