Russia's Central Bank plans to allow businesses to buy foreign stablecoins

PANews reported on June 5 that according to Cryptonews, the Central Bank of Russia published a draft plan to allow domestic companies to purchase foreign stablecoins, but it is suspected that the purchase of USDT and USDC will be prohibited. The proposal is open for public comment until June 15. The draft stipulates that Russian legal persons who do not meet the "qualified investor" standard can trade such assets without restrictions. Local media pointed out that the change in rules may not open the door for Russian companies that want to trade currencies such as USDT and USDC. The Central Bank of Russia also proposed to increase the annual investment limit for digital financial assets (DFA) from 600,000 rubles (about US$7,570) to 1 million rubles (about US$12,600) and remove the purchase restrictions on DFA by companies. If there are no major objections, the new regulations may take effect before the end of the month.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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