According to RBC, the Russian Ministry of Finance is considering drafting a standalone stablecoin law rather than including it in the upcoming cryptocurrency trading regulation law. Alexey Yakovlev, Director of the Financial Policy Department of the Ministry of Finance, stated that stablecoins have "great potential." Currently, Russian law has not explicitly regulated stablecoins. The government plans to advance the stablecoin regulatory framework after passing laws in the State Duma that restrict citizens from trading crypto assets on unlicensed platforms. These laws are expected to take effect as early as July 1. (DL News)

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