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The Bank of Russia and the country’s Ministry of Finance have reportedly entered into an agreement allowing cross-border settlements in cryptocurrencies.

According to a Thursday report by Russian publication Kommersant, Russian Deputy Finance Minister Alexei Moiseev said the government department has agreed “in broad terms” with the central bank on a rule that would allow residents to send cross-border payments using cryptocurrencies. The proposed policy change was apparently aimed at allowing Russian nationals to access digital wallets.

“[The policy] generally describes how to acquire cryptocurrency, what can be done with it, and how it may or may not be settled with it in the first place in cross-border settlements,” Moiseev said, according to the report.

Russian news agencies had reported that the central bank had been discuss the issue of cross-border crypto payments with government officials. However, the Bank of Russia reportedly objected to crypto exchanges operating legally and not accepting cryptocurrency as legal tender.

On September 5, Moiseev said:

“Now that people are opening crypto wallets outside the Russian Federation, there is a need to do so in Russia with central bank-supervised entities, which are required to comply with anti-money laundering requirements. and knowledge of your customer.”

Russia has had a mixed relationship with crypto. In 2020, the country passed legislation prohibiting the use of cryptocurrencies including Bitcoin (BTC) for payments. President Vladimir Putin also signed a bill in July banning digital financial assets as means of payment. In May, Trade Minister Denis Manturov suggested that Russia would legalize crypto payments “sooner or later.”

Related: 72% of Russians say they have never bought Bitcoin: Poll

Since Russia’s invasion of Ukraine in February, the government, businesses and some individuals in the country have been targeted by comprehensive economic sanctions. On September 15, the United States Treasury Department added 22 people and two entities based in Russia to its list of sanctions, claiming that they had furthered the government’s goals in Ukraine.