Russia Mulls Legal Framework for Stablecoin Payments, Bans Crypto Payments
Russian regulators are weighing a shift that would legalize payments made with fiat‑pegged stablecoins while barring the use of traditional cryptocurrencies as payment instruments. Because stablecoins are pegged to fiat, officials say they better align with Moscow’s vision of a digital currency and monetary control. Lawmakers are讨论ing a separate legal regime for stablecoin transactions that would be introduced after the passage of wider cryptocurrency legislation.
If adopted, the change would create a clearer compliance path for businesses and payment providers that want to use tokenized fiat rails, while restricting volatile and decentralised coins from retail payments. The move signals a state preference for tightly regulated, fiat‑linked digital instruments and could influence how banks, fintechs and cross‑border payment flows interact with tokenized money once the overarching crypto law is finalised.