Russia is expected to finalize its cryptocurrency bill tomorrow, allowing the use of crypto for cross-border payments to support international trade amid Western sanctions. However, the bill does not legalize crypto payments within the country. The ruble remains Russia’s official medium of payment. Essentially, this is a move to leverage crypto for international payments, not to adopt Bitcoin or other cryptocurrencies as domestic currency.
ThuanCapitalShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.