A pilot project for cryptocurrency exchanges is set to be implemented in Russia, with the expected start date being September 1st. This initiative aims to ease the payment difficulties faced by companies under international sanctions when conducting cross-border transactions through the conversion between rubles and cryptocurrencies using the national payment card system. The plan comes after relevant bills were passed by the Russian parliament, which not only legalized cryptocurrency mining activities but also established a framework for testing digital tokens used for cross-border payments under the supervision of the Central Bank. In August, Russian President Vladimir Putin signed and approved these bills, officially incorporating them into the legal system. Against this backdrop, Russian enterprises are facing increasingly severe challenges, especially in paying overseas suppliers and receiving payments for exported goods.