Bank of Russia Explores Crypto for Cross-Border Transactions.

The Bank of Russia is developing a bill to introduce an "experimental legal regime" for cryptocurrencies to be used exclusively in export-import deals, according to the head of the regulatory agency, Elvira Naiullina. The country's government is also working on a bill to create a national agency to license and supervise cryptocurrency platforms operating in Russia, and a new tax code for miners. The central bank's plan includes creating special organizations charged with mining crypto and processing payments for cross-border trade deals. Crypto trading and payments inside Russia will still be banned.