In Russia, crypto exchanges are being legalized to solve problems of cross-border payments

🇷🇺 In Russia, it is necessary to regulate the digital financial environment and make crypto exchanges legal, the Russian Ministry of Finance stated

▪️”For now, crypto exchanges are in the gray zone, and you need to put an end to it. Both the Central Bank and the Government represented by the Ministry of Finance have not yet found a solution on how to do this,” the Ministry of Finance of the Russian Federation said

The use of digital financial assets (CFA) will reduce external pressure on international payments made by Russian participants in foreign economic activity

A legislative decision on crypto exchanges in Russia will be prepared this autumn

CRYSTAL OF GROWTH previously cited the opinion of Alexander Galushka, expressed in April 2022, that the legalization in Russia of the use of cryptocurrencies for international settlements would allow to fend off anti-Russian sanctions, as well as to intensify foreign trade with countries where cryptocurrencies are recognized as legal tender