TechFlow news, October 21 — According to Russian media Izvestia, the Russian Ministry of Finance and the Central Bank of the Russian Federation have agreed to legalize the use of cryptocurrencies for foreign trade payments. Finance Minister Anton Siluanov announced the news on October 21.
Siluanov stated: "We believe this area should be legalized and placed under legislative regulation. Through cooperation with Russia's financial regulators and supervisory bodies, we will be able to ensure and restore order in this industry." He emphasized that using cryptocurrencies in settlements is an important area of work, as cryptocurrencies can not only facilitate payments but also enable the movement of currency out of the country.
Earlier, Evgeny Masharov, head of the Association of Forex Dealers, said that 2026 could become the starting point for balanced regulation of Russia's cryptocurrency market. He estimated that funds held by Russian citizens and businesses in digital assets have exceeded 2.5 trillion rubles, and the use of cryptocurrencies in foreign economic settlements is growing, reducing reliance on currencies from unfriendly countries.
