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Russian Prime Minister Urged to Create a Crypto Framework for International Trade

  • 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.

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