Russian Businesses Request Putin's Support to Legalize Cryptocurrencies

Russian businesses are actively seeking assistance from their government to legalize cryptocurrencies like bitcoin. This appeal is part of the annual report from Russia's Business Ombudsman, Boris Titov, to President Vladimir Putin.

This request highlights the growing interest in cryptocurrencies among businesses in Russia and suggests a desire for a clear and supportive regulatory environment that would enable companies to leverage these decentralized digital assets more effectively.

The push for crypto legalization follows previous indications that Russian companies might start transacting in cryptocurrency with international partners, with the freedom to select their preferred coin.

The Russian Association of Cryptoeconomics, Artificial Intelligence, and Blockchain (Racib) has also advocated for the President's support in shaping the country's regulatory framework for cryptocurrencies and associated technologies.

Overall, these efforts underline the Russian business community's strong interest in adopting cryptocurrencies and the emerging digital economy.