Russia's central bank, the Bank of Russia, is considering legalizing stablecoins for cross-border transactions as the sanctions-battered economy seeks alternative ways to trade with China. 🌐 Alexei Guznov, vice president of the bank, stated that the proposal was discussed with the aim of organizing the process that will enable these assets to be transferred to Russia, accumulated and used in international payments. However, questions remain about how legalizing stablecoins will ensure compliance with international sanctions.