PANews
PANews|Jun 04, 2026 01:05
[The Russian Ministry of Finance Does Not Wish to Allow Trading of Stablecoins Denominated in USD] According to Bits.media, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated that if foreign stablecoins are allowed to trade in Russia, issuers may directly freeze them in users' wallets, particularly targeting USDT and USDC. He pointed out that once these wallets begin trading with platforms licensed by the country's central bank, the risks for holders will increase sharply. There have already been cases where USD stablecoins held by Russian legal entities were frozen, while Bitcoin and Ethereum have not faced freezing issues due to a lack of technical means. The Russian Ministry of Finance believes it is necessary to develop legislation specifically for stablecoins, prioritizing tokens pegged to the ruble and currencies of friendly nations. The central bank reserves the right to independently adjust the list.
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