Foresight News|6月 05, 2026 10:22
[Russian Ministry of Finance: Considered Excluding USDT from Crypto Regulatory Framework but Did Not Proceed Due to Lack of Industry Support]
Foresight News reports, citing TASS, that Ivan Chebeskov, Deputy Minister of Finance of Russia, stated during the St. Petersburg International Economic Forum that the Ministry of Finance had considered excluding USDT from the crypto regulatory bill. However, almost all industry participants, including financial intermediaries and representatives of the crypto sector, expressed that such a measure was unnecessary and were willing to use technical means to bear the risks associated with this tool. He noted that since the industry clearly opposed the exemption and USDT is currently widely used by citizens and businesses, a related ban is not under consideration for the time being.
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