Russia to start trial of using cryptocurrencies for cross-border payments next week

Odaily News Russia will begin trialing cross-border crypto payments next week to circumvent international sanctions. The legislation, which was passed in late July and quickly signed into law by President Vladimir Putin, does not lift the existing ban on using cryptocurrencies as legal tender for regular payments within Russia, but allows cross-border payments using cryptocurrencies. (CoinDesk) Earlier, it was reported that Russia is about to start trials of cryptocurrency exchanges and use digital tokens in cross-border transactions to help ease payment difficulties for Russian companies hit by international sanctions.