Russian central bank allowed the purchase of foreign stable coins for companies - but USDT and USDC remain excluded

Veröffentlicht:

Von:

Russische Zentralbank plant Kauf von ausländischen Stablecoins durch inländische Unternehmen Die Russische Zentralbank hat angekündigt, dass sie inländischen Unternehmen den Erwerb von ausländischen Stablecoins ermöglichen will. Diese Entscheidung ist ein bedeutender Schritt in der Regulierung und Integration von Kryptowährungen in den russischen Finanzmarkt. Allerdings beabsichtigt die Zentralbank, den Kauf der populären Stablecoins USDT (Tether) und …
Russian Central Bank is planning to buy foreign stable coins by domestic companies The Russian central bank has announced that it wants to enable domestic companies to acquire foreign stable coins. This decision is a significant step in the regulation and integration of cryptocurrencies into the Russian financial market. However, the central bank intends to buy the popular stable coins USDT (Tether) and ... (Symbolbild/KNAT)

Russian central bank plans to buy foreign stable coins by domestic companies

The Russian central bank has announced that it wants to enable domestic companies to acquire foreign stable coins. This decision is a significant step in the regulation and integration of cryptocurrencies into the Russian financial market.

However, the central bank intends to ban the purchase of popular stable coins USDT (Tether) and USDC (USD Coin) by domestic companies. This procedure could aim to strengthen control over the crypto market in Russia and to minimize potential risks associated with these specific cryptocurrencies.

stable coins have gained popularity in recent years because they offer more stable performance than more volatile cryptocurrencies such as Bitcoin or Ethereum. Due to access to foreign stable coins, it could make it easier for Russian companies to carry out international transactions and to drive trade. Nevertheless, it remains to be seen which specific stable coins are accepted by the central bank.

The decision of the central bank could also be a reaction to the increasing globalization of the cryptocurrency markets and the associated challenges for the national economy. By regulating stablecoins, the Russian government tries to find a balance between innovation and economic stability.

Overall, this measure shows that the Russian central bank is actively working on the design of the framework conditions for dealing with cryptocurrencies. It remains exciting to observe how these regulations will affect the crypto market in Russia and internationally.