Russia Legalizes Cryptocurrency Payments 🚀

- According to Bloomberg, Russia will soon legalize cryptocurrency payments.

- This step aims to facilitate foreign payments by companies facing US sanctions due to the Ukraine war.

- The new draft law will be discussed in the State Duma and is expected to come into force on September 1.

- Cryptocurrencies will be regulated like foreign currencies.

- This development will benefit large exporters and may crowd out small businesses