According to Bits Media, Ivan Chebeskov, Deputy Finance Minister of Russia, said that if foreign stablecoins are allowed to enter Russia’s regulated trading markets, related assets in users’ wallets could face the risk of being frozen—especially U.S.-dollar stablecoins such as USDT and USDC. He said that there have already been cases where Russian legal entities had their U.S.-dollar stablecoins frozen, while BTC and ETH have not yet seen similar freezes, mainly because it is technically difficult to freeze them directly. Chebeskov said that Russia is discussing dedicated stablecoin legislation, and the regulated market will prioritize stablecoins pegged to the ruble and the currencies of “friendly countries.” The Central Bank of Russia will retain the power to adjust the list of approved stablecoins.

USDC-0.01%
BTC-2.17%
ETH-0.95%
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BalanceScreenshotAfterTheRain
· 1h ago
BTC ETH can't be frozen—that's the real point; technology is freedom.
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MetalKeyInsomnia
· 2h ago
What do miners think about this policy trend?
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AirdropsAfterTheTideRecedes
· 2h ago
Frozen stablecoins don't freeze BTC, openly tell you what to choose
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BridgeSideEyes
· 2h ago
Is pegging to friendly countries' currencies, does the Renminbi count?
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InstantNoodlesWithContracts
· 2h ago
Is the corporate account frozen, and is the personal wallet currently safe?
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AirdropCheck-InOfficer
· 2h ago
Who would dare to use a Ruble-pegged stablecoin?
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RetroRadioSignal
· 2h ago
Technically difficult to freeze, this sentence is worth reading repeatedly.
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ProofOfNap
· 2h ago
Can the speed of specialized legislation keep up with the market?
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ArbitrageIsn'tAsGoodAsGetting
· 2h ago
The central bank retains the right of access = Can change its stance at any time
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TheHotAirBalloonRisesAboveThe
· 2h ago
Ruble stablecoin? Let's first solve the liquidity issue.
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