Siluanov: authorities will allow settlements in cryptocurrency in foreign trade

The Ministry of Finance and the Central Bank have agreed to legalize settlements in cryptocurrency in foreign economic activities. This was announced by the Minister of Finance of the Russian Federation, Anton Siluanov, following a strategic session on increasing the efficiency of the economy and ensuring equal conditions for conducting foreign trade. The agreement signals a major shift in policy towards digital currencies in Russia, as the authorities are now willing to allow transactions in cryptocurrency for external trade purposes.