The Russian Central Bank has proposed a stablecoin regulatory framework in its report 'Stablecoins: Russia's Development Direction,' aiming to bring stablecoin trading under state control and position them as investment tools or cross-border settlement instruments. The framework allows stablecoins to be pegged to the ruble or foreign currencies, but issuers of foreign currency stablecoins must exchange them into rubles at a predetermined exchange rate. The Russian Central Bank also plans to require issuers to support holders with the ability to redeem at any time, with redemption completed within a maximum of 3 business days. Private companies issuing stablecoins will need to provide over-collateralization, with collateral value at least 2% higher than the issuance scale, and regularly disclose issuance volume, reserves, and fund allocation. (Bits media) https://(wublock123.com)/news/russia-central-bank-stablecoin-regulation-state-controlled-trading-63560