Russia has established a state-backed corridor allowing selected exporters and importers to use cryptocurrencies for cross-border settlements under an experimental legal regime.
According to NS3.AI, Federal Law No. 223-FZ states that participation rules and limits are determined within the experimental legal regime (ELR).
The corridor is described as restricted by requirements involving counterparties, wallets, exchanges, issuers, custodians, liquidity providers, and compliance checks.
However, the available record does not provide a public list of approved ELR participants, the types of crypto assets permitted, the counterparties involved, or the scale of settlements conducted through the corridor.
Russia Sets Up State-Backed Crypto Corridor for Cross-Border Settlements Under Experimental Regime
2026-06-25 22:39:44
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