Russia mandates investors report foreign crypto wallets, warns of stablecoin freeze risks
- —About 20 million Russians hold digital assets worth roughly $44 billion
- —Retail investors are limited to 300,000 rubles in purchases per intermediary annually
- —USDT is the only stablecoin available to non-qualified investors on regulated platforms
- —Roughly 10 million Russian-linked wallets on foreign platforms must be disclosed
Why it matters: Russia is legalizing crypto while tightening control, leaving holders of foreign wallets and stablecoins exposed to freezes and sanctions.
Source: Crypto Briefing