Russia Moves to Regulate Stablecoins and Crypto Securities: What’s Next?

Russia is advancing plans to regulate stablecoins and cryptocurrency-linked securities by year-end, with the Ministry of Finance and Central Bank spearheading the effort. Deputy Finance Minister Ivan Chebeskov underscored the need for frameworks that mirror global standards, citing the rise of stablecoin regulations worldwide. The proposed rules aim to inject clarity into Russia’s digital asset market, potentially attracting institutional interest.

The Central Bank has already drafted guidelines for crypto-backed securities, signaling a broader push to formalize the sector. This aligns with growing demand for regulatory certainty as digital assets gain traction in traditional finance. Moscow’s approach reflects a balancing act—fostering innovation while mitigating risks in an evolving market.