The Russian central bank has unveiled plans to allow national companies to buy foreign floors, but it seems ready to prevent them from buying USDT and USD Coin (USDC).
According to an official opinion from the central bank and a report by the Russian Media Outlet RBC, the bank has set up its proposal for a public discussion. He will invite comments on the plan until June 15.
Russian stable plan
According to the draft proposal, the bank wishes to allow Russian legal entities which do not meet the criteria of “qualified investors” to acquire “foreign digital rights”. The bank said that trade in these assets should be authorized “without any restrictions”.
RBC wrote: “Some cryptocurrencies, in particular stalls, may be the definition of the bank” of foreign digital rights.
However, the same media stressed that the change of rule would probably not open the door to Russian companies who wish to exchange parts like USDT and USDC.
In mid-May, the bank updated its requirements for foreign assets authorized to travel on the Russian market.
The new requirements expressly prohibit assets which are supported by “titles issued by hostile transmitters”.
However, they make an exception for companies that use the USDT and the USDC as a payment tool in cross -border commercial transactions.
Reservations of the US Treasury bill: a problem for Russia?
TETHER’s reserves are mainly made up of species, cash equivalents, short -term deposits and American cash bills.
Circle, the USDC operator, also holds a large part of its reserves in the form of short -term treasury bills held in regulated national banks and in accordance with sanctions.
However, the proposed change of rule would open the door to Russian companies to carry out affairs fueled by stables with the nations of the BRICS and other Moscow allies.
After the last BRICS summit, held in Kazan, Russia, in October 2024, a certain number of technological players in India and elsewhere announced stablecoin plans for the block.
BRICS players also launched the idea of creating a stablecoin to support gold which would remove the need for a business labeled in dollars.
Beijing and Hong Kong also talked about the idea of adopting stabbed that do not use the USD -related assets.
Moscow, meanwhile, explored his own Stablecoin options, as well as digitized titles.
Imminent DFAS rules change
Digital financial asset market (DFAS) in Russia also continues to increase. The latest bank plans also offer to reduce the threshold for market entry.
Currently, qualified investors can only spend a maximum of 600,000 rubles ($ 7,570) per year on the DFA. But the bank wants to double this limit almost.
The bank proposes to authorize citizens to buy a maximum of 1 million rubles ($ 12,618) from DFAS per year.
The document stipulates that all Russian legal entities will be able to acquire DFAs without any restrictions, whether or not they have qualified investor status.
The bank noted that this will allow companies to use DFA more actively. The regulator suggested that this decision could help companies solve commercial problems.
If the proposal does not receive major objections, the bank could transform its proposal into binding directives for the national banking sector.
These could come into force before the end of the month, said the central bank.
The Post-Russian Russian Central Bank wishes to allow companies to buy foreign stables appear first on Cryptonews.
