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2026-05-21 11:40:05

If stablecoins are classified as foreign exchange, then is USDT considered US dollars or digital currency in Russia?

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BlockBeatNews2026-05-21 11:18:51

Russia's cryptocurrency regulation bill revision to be completed next week, stablecoins will be classified as foreign exchange assets

BlockBeats News: May 21. According to Russia’s TASS news agency, Ivan Chebeskov, Deputy Minister of Finance of Russia, said at the “Russian Digital Financial System” conference that the Ministry of Finance and the Central Bank of Russia plan to complete revisions to the cryptocurrency market regulatory bill in the early part of next week in order to submit it to the State Duma for second reading.

Under the regulatory concept framework previously formulated by the central bank, digital currencies and stablecoins will be classified as foreign exchange assets.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

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