Cryptocurrencies
Russia Races to Legalize Crypto as Sanctions Weigh On Firms
- Legislators pass law to regulate crypto as foreign currency
- Russian businesses face growing foreign-payment difficulties
The Bank of Russia will be the regulator on cryptocurrency issues.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Russia is moving to regulate the use of cryptocurrencies, as companies wrestle with increasing difficulties in foreign payments under the threat of US sanctions over the war in Ukraine.
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