Chairman of the State Duma's Committee for Financial Markets, Anatoly Aksakov, has stated that in order to oversee the activities of cryptocurrency for international payments, the Russian Central Bank and Ministry of Finance are collaborating to create a new set of regulations. The government aims to control the risks associated with cryptocurrency transactions effectively and protect the market from fraudulent activities through these measures. The goal is to finalize all regulations by the end of November, ensuring the stability and security of the market. To achieve this, the Russian government will initially test cryptocurrency payment mechanisms under an experimental legal framework (EPR). This means only selected participants such as credit institutions and banks will be eligible to take part in this process. The aim is to minimize risk and gain deep insights into the market during its early phase, enabling the formulation of more effective and precise regulatory policies. Aksakov also noted that companies are already using cryptocurrencies for import and export payments, with estimated transaction volumes reaching billions of dollars. He emphasized that limiting the number of financial institutions involved in these transactions during the initial stage is crucial. This approach helps better understand market dynamics, allowing for the development of more comprehensive and targeted regulatory measures to foster the healthy development of the cryptocurrency industry.