The Russian Ministry of Finance and the Central Bank agree to legalize Crypto Assets for foreign trade payments.

[Block Rhythm] On October 22, according to Russian media reports, the Russian Ministry of Finance and the Central Bank of Russia have agreed to legalize the use of Crypto Assets for foreign trade payments. Finance Minister Anton Siluanov announced this news on October 21.

Siluanov stated: “We believe that this field should be legalized and should receive legislative regulation. By collaborating with the Russian financial regulatory agency and supervisory bodies, we will be able to ensure and restore order in the industry.” He emphasized that the use of Crypto Assets in settlements is an important area of work, as Crypto Assets can not only be used for payments but also for withdrawing currency from the Central Bank.

Previously, the head of the Forex Traders Association, Evgeny Masharov, stated that 2026 could become the starting point for balanced regulation of the Russian crypto assets market. According to his estimates, the funds of Russian citizens and businesses in digital assets have exceeded 2.5 trillion rubles, and the use of cryptocurrencies in foreign economic settlements is increasing, reducing dependence on the currencies of unfriendly countries.