Russia is considering adopting cryptocurrency for international payments.

Following the European Union's recent enactment of the fifth set of sanctions on Russia, Binance has limited its activities in the country.

Currency.com, a cryptocurrency platform founded in Belarus, stated on Wednesday that it will prevent Russian users from using its services.

Russia proposed Bitcoin and national currencies as payment options for energy exports to "friendly countries" including Turkey and China.

Kraken will donate fees generated from Russian transactions to help Ukraine in its fight against Russia's invasion.

The Monetary Authority of Singapore (MAS) prohibits crypto, NFT transactions in sanctions against Russia.

The rich Alpine state's finance minister is planning to freeze Russian-owned crypto assets and enterprises.

Gopax, a South Korean crypto exchange, stated that Russian accounts and IP addresses have been suspended and blacklisted from its site.

Binance crypto exchange, revealed last Friday that it has become the first crypto-centric firm to join the Association of Banks of Russia

The central bank's ideas on cryptos would be considered by Russia's finance ministry, provided they don't conflict with the country's policy