Russia passes crypto bill in first reading; permits use in foreign trade settlements

The Big Coin Report Take

The bill would prohibit the use of crypto for domestic payments but allow its use in foreign economic activities, according to TASS.

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The Big Picture

This move reveals a growing global acceptance of crypto as a practical tool for international commerce, even by nations cautious of domestic adoption. This legitimizes crypto's role in cross-border transactions, solidifying its future as a key component of the global financial infrastructure.

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Russia passes crypto bill in first reading; permits use in foreign trade settlements

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