Regulation· ★★★· neutral·

Bank of Russia: Market Does Not Need a Separate Stablecoin Category

  • —Chistyukhin: no meaningful market demand for a separate stablecoin category
  • —Current regulation already permits ruble-denominated instruments with similar features
  • —A separate category would require additional tax rules
  • —The central bank floated a stablecoin report in June, but no issuance has followed
Why it matters: Rejecting a separate stablecoin status keeps the current regulatory framework in place and delays the launch of ruble stablecoins for international payments.
Source: BeInCrypto RU
More on this
Regulation · 21:53
SEC and CFTC draw the DeFi line: control, not branding, decides regulation
 Regulation · 21:51
CLARITY Act failure hits Coinbase, Circle and Strategy as shares fall 5–10%
 Regulation · 20:21
China's Central Bank Reiterates Virtual Currencies Are Not Legal Tender