INSUBCONTINENT EXCLUSIVE:
The popularity of stablecoins for cryptocurrency payments has increased in recent years, with many global companies embracing new payment
methods.Despite the trend, crypto payments remain prohibited for retail users in multiple countries, including China, Indonesia, Russia,
Turkey and others.Still, while domestic crypto payments may be banned in these jurisdictions, using cryptocurrency to pay for services
partner of Paldimoglu Law Firm.Can Russian and Turkish residents pay in crypto for foreign services?In early June 2025, Georgian travel
Tripzy spokesperson told Cointelegraph
jurisdictions.However, there are no laws explicitly prohibiting the use of cryptocurrency for payments made abroad.Nationals of Russia and
Turkey are among the top visitors to Georgia
of D&A CryptoMap, told Cointelegraph
He said that the Russian laws currently only forbid residents from accepting crypto specifically for contractual purposes.Paldimoglu shared
a similar perspective while addressing the issue in relation to the Turkish laws.Related: Shopify launches early access to USDC stablecoin
He said the Regulation on the Disuse of Crypto Assets in Payments specifically applies to licensed payment and electronic money institutions
between the jurisdictions that allow crypto payments and those that do not, such regulatory overlaps are more likely to attract the
support Russian sanctions, it would be perfectly compliant
BIS says stablecoins fail as money, calls for strict limits on their roleA single travel agency may not trigger any sanctions from European
authorities, though, Brisov suggested
taken by all FATF members and jurisdictions with materially important VASP toward implementing R.15
Source: FATFThe agency also provided a detailed report on various AML measures taken by FATF member countries and other jurisdictions and
pledged to provide a targeted report on stablecoins in the first quarter of 2026.Magazine: GENIUS Act reopens the door for a Meta
stablecoin, but will it work?
