Beribit clients have occupied the Russian crypto exchange's offices, demanding their funds amidst a financial discrepancy audit. Russian Duma is considering a bill that would ban crypto exchanges but allow transactions and mining by registered firms. This legislative move is being challenged as it could potentially affect national security interests due to cryptocurrencies' role in bypassing sanctions.
Russia is considering legalizing stablecoins for international transactions to improve cross-border payments and mitigate the effects of ongoing sanctions. The Russian Central Bank is looking to regulate the transaction chain from entry to utilization. Its initiative would primarily target facilitating transactions with BRICS countries effectively integrating stablecoins into the national framework for international settlements.
Russia has allegedly passed a bill within parliament that allows bitcoin and other cryptocurrencies to be used in international trade.