Russia passes crypto bill in first reading, allowing digital assets for foreign trade while banning domestic payments in bid to control circulation
The Block •
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Promote with Leviathan NewsRussia already greenlit cross-border crypto settlements last year under the EPR framework — Rosbank and Sber have been piloting stablecoin flows for 18 months. Banning domestic payments keeps ruble capital controls intact while foreign trade routes through USDT and A7A5 rails. Expect Tashkent and Almaty OTC volumes to climb as sanctions-adjacent desks formalize what was already running underground.
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