The Central Bank of the Russian Federation rejected the use of stablecoins as a means of payment. He categorically called it “unacceptable.” This is stated in the analytical report “Stablecoins: experience of use and regulation” published this week.
The Bank of Russia document also states that “the approach to regulating stablecoins requires careful study and discussion” and that “the introduction of a regulatory regime for stablecoins is not yet being considered in Russia.”
The approach is not surprising and, plus or minus, is similar to the central banks of other countries. The department will not allow competition for the ruble. The story is approximately the same in most countries of the world, regardless of geopolitical poles.
Plus, the Russian authorities and relevant regulators have long made it clear that crypto-assets are “good” only if we are talking about their use to circumvent Western sanctions. But for citizens of the Russian Federation - “bad”, “dangerous” and associated with “risks”.
A reason to remember a meme-cut from the speech of the representative of the Russian Central Bank, Director of the Department of Financial Stability Elizaveta Danilova on cryptocurrencies. "Risks-Toffees." But in this too, we repeat, they are not original. The head of the Italian Central Bank, for example, recently compared BTC and ETH with gambling, said that cryptocurrencies have no value, that they are not a means of payment, and something about terrorism again.
