Russia Might Soon Legalize Crypto For International Settlements

Quick Summary:

Russia will legalize crypto for international settlements if a new bill is passed by lawmakers later today.

Sanctions by Western financial institutions can make it difficult for Russian companies to complete transactions—even with trading partners like China, India or Turkey.

The country put out a blanket ban on crypto for payments at the start of the war but later, allowed financial services firms to trial crypto for some use cases.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaChinaLithuaniaTurkeyUkraineVenezuela

Topics: News Russia Legalize Crypto Latest News International Settlements

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 16:00:46 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21860309

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 18 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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