Leaders of the crypto and fintech industry groups in Russia and Iran have held talks on using tokens to evade sanctions and facilitate trade. The discussions took place at the International Exhibition of Financial Industries in Tehran, where a panel featuring Iranian government officials and the Executive Director of the Russian Association of the Cryptocurrency and Blockchain Industry was held.

The panel discussed the changing regulatory framework for crypto in both countries, with the Russian representative suggesting that new legislation could come into force by September. Russian firms are already reportedly engaged in crypto-powered trade with Iran, with some experts claiming that almost $300 million worth of P2P crypto trades are made available on a daily basis.