Russia has reportedly finalized a bill to legalize crypto trading in the country, opening the door for the digital asset industry to take off there. Anatoly Aksakov, chairman of the State Duma’s Financial Markets Committee, has said a draft bill is ready to clear the way for non-qualified investors to trade crypto.

“A bill has already been prepared that removes cryptocurrencies from special financial regulation, meaning they will become commonplace in our lives,” Aksakov said in a translated interview with the Russia-24 television channel. He added that the legislation seeks to remove digital assets from a special financial regulatory category, according to a TASS report.

In addition, beyond domestic trading, Aksakov expects the legislation to facilitate international usage of crypto, including cross-border settlements and the overseas placement of Russian-issued tokens.

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The move to legalize crypto trading would be a big change of tune for Russia, which has previously ruled Bitcoin and ETH as not real forms of currency. Even just last month, Aksakov said that Russia will not streamline crypto. It will only allow it to be used as an investment instrument. The Russian Duma chief later shared how the ruble will always reign supreme when it comes to making payments in the country. “We must understand that cryptocurrencies will never become money in Russia,” Aksakov said. “Cryptocurrencies can only be used as investment instruments. Where payment is required, it must only be conducted in rubles.

Bitcoin (BTC) has seen increasing interest among nations as the original crypto hit higher prices. The asset has likely become one that is too tough for Russia to ignore, especially as Bitcoin mining brings further profits. Bitcoin gained 3% following the Russian announcement, and now sits above $97,654.62.