The Russian Central Bank has proposed launching digitized assets on public chains and has submitted the proposal to the government.
The bank plans to launch digitized assets on public chains to attract international investments through blockchain and DeFi infrastructure.
Russia has a pro-crypto policy, but it is highly regulated in favour of Bitcoin mining, which it uses to avoid sanctions on its economy. Using cryptocurrencies in everyday life is still highly restricted in the country, especially stablecoins, since most of them are US dollar-denominated.
The country is very close to separately regulating stablecoins for international trade settlements, with a bill for the same expected to be made into a law around July 2026.
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