(Kitco News) – Russian lawmakers passed a bill on Tuesday that will legalize the use of cryptocurrencies for international trade as part of the country’s efforts to maintain business activities amid heavy sanctions imposed by Western nations following the country’s invasion of Ukraine. The primary goal of the legislation is to allow businesses to use cryptocurrencies to conduct cross-border payments, with the process being closely monitored and regulated by the central bank. It’s important to note that while the new law allows for cross-border cryptocurrency transactions, it does not lift the existing ban on crypto payments inside Russia. https://www.kitco.com/news/article/2024-07-30/russia-legalizes-crypto-international-trade-sanctions-hurt-imports