Global #Russia

Russia’s primary financial hubs, the Moscow Exchange (MOEX) and the St. Petersburg Exchange, are gearing up to launch regulated cryptocurrency trading services.

The Central Bank of Russia (BoR) has introduced a comprehensive conceptual framework to regulate cryptocurrency trading, marking a shift from informal restrictions to a structured, licensed marketplace.

A new investigation by blockchain analytics firm Global Ledger reveals that the sanctioned Russian crypto exchange Garantex has successfully rebuilt an operational payout system and is quietly moving millions of dollars in cryptocurrency despite international pressure and law enforcement efforts.

Russia is preparing for a dramatic policy turnaround by moving to legalize and regulate cryptocurrency exchanges, a significant shift driven by mounting economic sanctions and the need for new international trade channels.

The Russian government, through its Ministry of Finance and Central Bank, has reached a landmark agreement to officially permit the use of cryptocurrencies for foreign trade transactions.

The Russian government has announced the legalization of cryptocurrency for settling international trade deals, a strategic move designed to counter the impact of Western economic sanctions.