SamuraiCourageous
Thu Aug 29 2024
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5 answers
1204
Can cryptocurrencies be used for cross-border transactions in Russia?
Can cryptocurrencies truly serve as a viable option for conducting cross-border transactions within the Russian context? Given the current regulatory landscape and potential barriers such as exchange rate volatility, capital controls, and tax implications, is it practical for businesses and individuals to utilize cryptocurrencies for international payments in Russia? How might the adoption of cryptocurrencies for cross-border transactions in Russia impact the traditional banking system and financial regulations in the country?
