Odaily Planet Daily News 🌍 Russia will begin trialing cross-border crypto payments next week to circumvent international sanctions! It is reported that the legislation was passed at the end of July and was quickly signed into law by President Vladimir Putin. However, this does not lift the existing ban on the use of cryptocurrencies as legal tender for regular payments in Russia.
This trial allows the use of cryptocurrencies for cross-border payments, aiming to help Russian companies hit by international sanctions alleviate payment difficulties. Earlier news also revealed that Russia is about to start trials of cryptocurrency exchanges and use digital tokens in cross-border transactions. Cryptocurrencies such as Bitcoin may usher in new development opportunities in this context! 🚀