Russia Reconsiders Stablecoin Ban as Central Bank Signals Policy Shift
The post Russia Reconsiders Stablecoin Ban as Central Bank Signals Policy Shift appeared on BitcoinEthereumNews.com.
The post Russia Reconsiders Stablecoin Ban as Central Bank Signals Policy Shift appeared first on Coinpedia Fintech News Russia’s central bank is reassessing its previous opposition to stablecoins, signaling a potential shift in digital currency strategy. First Deputy Chairman Vladimir Chistyukhin confirmed that the Bank of Russia will conduct a formal study into the feasibility of launching a domestic stablecoin. While this does not mean immediate approval, it marks a significant policy rethink. Previously, Moscow rejected centralized stablecoin models due to financial stability and regulatory risks. Now, officials argue that global developments, particularly in the United States and European Union, justify a renewed evaluation. Stablecoins have evolved from niche crypto tools into key infrastructure for payments, trading, and cross-border settlements. Ignoring them could leave Russia at a strategic disadvantage. How Russia Could Approach a Domestic Stablecoin If pursued, a Russian stablecoin would likely be structured with sovereign oversight and regulated reserves. The goal would not simply be to create another crypto token, but to design a state-aligned digital asset capable of supporting trade and financial settlement outside traditional Western-controlled systems. The shift is partly influenced by the rapid regulatory progress in the US and EU. The United States’ GENIUS Act formalized strict rules for dollar-backed stablecoins, strengthening their legitimacy in global finance. Meanwhile, Europe’s digital euro initiative and MiCA-compliant euro stablecoins aim to secure regional monetary sovereignty. Faced with these developments, Russia may see a domestic stablecoin as a defensive move to maintain control over its monetary ecosystem and reduce reliance on foreign-issued digital currencies. What Impact Could This Have on Crypto? Russia’s entry into the regulated stablecoin arena could have meaningful implications for the broader crypto market. First, it would reinforce the idea that stablecoins are becoming core financial infrastructure rather than speculative instruments. More sovereign-backed or state-aligned stablecoins…
Filed under: News - @ February 14, 2026 7:20 am