Russia Embraces Crypto in Foreign Trade, But With Strict Controls
Russia has taken a significant step in regulating cryptocurrencies by introducing legislation that allows their use in foreign trade operations. President Vladimir Putin signed the bill, which establishes a comprehensive framework for digital assets circulation, trading, and use.
The reform's main aspect concerns international trade, where market participants can now use cryptocurrencies for transactions linked to imports and exports, including through wallets without limits imposed on retail investors.
This development is seen as a strategic necessity by some, as it creates alternative channels for moving international capital in an environment shaped by sanctions, banking restrictions, and the growing digitization of the US dollar. The legislation turns digital assets into potential international settlement tools.