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Bank of Russia Greenlights Stablecoin Issuance for International Settlements

Bank of Russia Greenlights Stablecoin Issuance for International Settlements

Author:

Global Cryptocurrency

Published:

2025-10-30 20:22:02

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BTCCSquare news:

The Central Bank of Russia has cleared the path for stablecoin issuance within its jurisdiction, though domestic payments remain off-limits. Governor Elvira Nabiullina emphasized this dual approach during a parliamentary session, highlighting stablecoins' role in facilitating cross-border transactions while maintaining the regulator's longstanding opposition to cryptocurrency payments inside Russia.

Nabiullina's remarks underscore a strategic pivot—leveraging digital assets for global trade without compromising monetary sovereignty. The move aligns with proposed legislative amendments to formalize crypto investments, even as the central bank reaffirms its ban on crypto-based domestic settlements.

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