Russian firm urges government to regulate crypto for international trade
Amid ongoing sanctions, ETE Group suggests that crypto could resolve delays in international payments, particularly with China and Kazakhstan.
A Russian logistics firm, ETE Group, has requested that the Prime Minister establish a regulatory framework for using cryptocurrency in international trade. In a letter to the Prime Minister, the company called for changes to Russia’s Civil and Tax Codes to allow crypto transactions with foreign suppliers.
ETE Group, based in Moscow and Vladivostok, noted that the lack of regulation creates risks for businesses seeking to use cryptocurrency for payments. The firm has observed a significant rise in interest in crypto payments, with business sector interest…
