Russian firm ETE has urged the country's Prime Minister to create a legal framework for crypto payments in international trade.
ETE believes that establishing clear legal status for cryptocurrencies would help streamline cross-border transactions, particularly for cargo shipments to countries like China, India, and Turkey.
The company has called for government action on crypto issuance, circulation, and regulation, including oversight of crypto exchanges.
The lack of crypto regulation in Russia has raised concerns about the risks associated with using cryptocurrencies for payments and the potential misuse of cryptocurrencies to bypass sanctions.