Wu said he learned that according to Russian media IZ ru, Russian Finance Minister Anton Siluanov announced on October 21 that the Ministry of Finance has reached an agreement with the Bank of Russia to promote the legal use of Cryptos in foreign trade and enact corresponding legislative regulations. Siluanov emphasized that crypto assets play an important role in cross-border payments and fund transfers, and will cooperate with financial Institutions to strengthen supervision in the future. Earlier, the Forex Industry Association estimated that digital assets held by Russian citizens and companies have exceeded 2.5 trillion rubles.
