Crypto World News reports, citing Cryptopolitan, that Ivan Chebeskov, Deputy Minister of Finance of Russia, said that USDC will be added to Russia’s approved list of cryptocurrencies for trading, alongside USDT, Bitcoin, and Ethereum. In addition, non-professional investors may only invest in cryptocurrencies whose average market value over the past two years has exceeded 5 trillion rubles (about $70 billion). Furthermore, certain small fiat-backed stablecoins from friendly jurisdictions may also be allowed, including ruble stablecoins and UAE dirham stablecoins.

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GateUser-cbb8cdf5
· 2h ago
The friendly countries' stablecoin is interesting; is the Dirham stablecoin coming?
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PerpColdHands
· 2h ago
Ivan's statement indicates a major shift in crypto policy following the Russia-Ukraine conflict, worth paying attention to.
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FlowingColorfulInkHeart
· 2h ago
A 5 trillion ruble threshold is quite high; retail investors have no chance to play with small tokens.
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RetroRadioEcho
· 2h ago
Russia has finally loosened its stance on USDC, accelerating the compliance process
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