Previously, there were fears that the legalization of cryptocurrency could create problems for the development of the domestic market. However, cryptocurrencies are an objective phenomenon and cannot be ignored.
Putin suggested regulating cryptocurrencies to avoid missing their increasing use in international settlements, treating crypto usage the same as foreign currency.
The new regulation in Russia may focus on large exporters for legal crypto usage, potentially leaving small and medium-sized businesses behind.
#russia #cryptocurrency-regulation #united-states-sanctions #legalization #international-settlements
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