The announcement that Russia is close to pushing legislation for the use of cryptocurrencies in international trade has fueled interest and speculation among market watchers. The move comes as Russia seeks alternatives to the US dollar amid Western sanctions, and aims to facilitate more efficient cross-border settlements.

However, it seems that there are still questions around the regulatory framework that will be introduced to allow cross-border settlements in cryptocurrencies in Russia. It remains to be seen how this new policy will be implemented and whether it will lead to wider adoption of cryptocurrencies within the Russian financial system.

I think its developments are worth watching closely as they could have significant implications for the global cryptocurrency market and the wider financial landscape.