Russia is building a legal framework for cryptocurrencies to avoid Western sanctions.

2025-10-22 00:52:45

Russia has officially legalized the use of cryptocurrency in international trade transactions to counter Western sanctions. The Ministry of Fintech and the Central Bank of Russia have reached an agreement allowing businesses to use crypto for cross-border payments, expanding the experimental framework that has been implemented since September.

This move helps Russia reduce its dependence on traditional banking systems and maintain trade with partners such as China, India, and Turkey. However, the government will implement strict regulations, including anti-money laundering (AML), identity verification (KYC), and direct supervision by the Central Bank.

The new legal framework only applies to international trade, while the use of crypto domestically remains banned to protect the ruble. This is seen as a strategic step to help Russia overcome the financial barriers caused by sanctions.

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