Russia contemplating permanently legalizing stablecoins for cross-border payments

Assad Jafri

The Russian government is contemplating the official legalization of stablecoins for international transactions to simplify cross-border payments for Russian companies amid ongoing sanctions, Izvestia reported on July 3, citing the Russian central bank. According to the report, the Central Bank of the Russia Federation (CBR) is actively discussing proposals to permit the use of these […]

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Russia contemplating permanently legalizing stablecoins for cross-border payments