Russia plans to implement international cryptocurrency payments by the end of 2024 to circumvent Western sanctions related to the Ukraine conflict. This initiative will regulate crypto mining, circulation, and cross-border transactions, allowing businesses to legally use digital assets for international trade. The State Duma supports the Ministry of Finance’s proposal, which includes comprehensive crypto legislation covering taxation and penalties for illegal use. Discussions are ongoing regarding a potential 20% income tax on crypto miners. This development marks a significant step toward integrating cryptocurrencies into Russia’s economy, aligning with global digital trends.