Russian Businesses Ask Putin to Help Legalize Crypto

Russian Businesses Ask Putin to Help Legalize Crypto

A body representing the interests of Russian businesses has called on president Putin to help with crypto legalization. Their proposals, including on the use of cryptocurrencies in foreign trade settlements, have been included in a report to Russia’s head of state.
Companies Urge President Putin to Support Legalization of Crypto Payments
Russian businesses are seeking help from the Kremlin in efforts to legalize decentralized cryptocurrencies like bitcoin. Their request has been included in the annual report of Russia’s Business Ombudsman, Boris Titov, to president Vladimir Putin.
The recommendations were laid out in a paper titled “Key Business Problems under Sanctions and Structural Transformation in 2023” produced by the Institute of the Commissioner for the Protection of Rights of Entrepreneurs under the President of the Russian Federation.
Among other suggestions, the authors urge for allowing the use of cryptocurrencies in international settlements. More specifically, the

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