New Law in Russia: The new law allows businesses to use bitcoin and other cryptocurrencies in international transactions. This makes payments easier without relying on banks and complex exchange rates.
Real-world trial: The “experimental legal regime” framework allows Russia to test how cryptocurrencies operate in trade. If successful, this could open up significant opportunities in global trade relations.
Impact on international trade: The expansion of cryptocurrency facilitates faster transactions and cost savings, showcasing the important role of crypto in the new financial era.
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