In Russia, they are preparing to tighten the regulation of the cryptocurrency market regulation to clean Russia’s digital crypto space from foreign stablecoins, including USDT from Tether.
The Bank of Russia is preparing to tighten the regulation of the cryptocurrency market to limit the transfer of foreign stablcoins to the Russian Federation. First of all, we talk about the USDT – the world’s most popular Stablecoin from Tether, tied at the US dollar rate, with a market capitalization of more than $ 151 billion. It was reported by the Moscow Times on Monday, May 19.
After the penalties in 2022, the USDT began actively using large Russian exporters as an alternative to the dollar and euro in calculations. The Tether project is registered with the British Virgin Islands and is licensed in Salvador.
In accordance with the draft of the new command of the Central Bank of the Russian Federation, foreign digital rights issued to So -called “non -friendly countries” and have the ability to hinder Russian ownership under external pressure will not contact Russia. Tether has a technical ability to hinder user assets at any time by its own decision.
Tether repeatedly blocked the property of people and companies from Russia at the request of the US treasury. The most resonant was the blocking of May 2025, Garatex exchange rates with USDT for 2.5 billion rubles. Garatex is under the penalties of the United States and EU and is accused of participating in laundering money and promoting criminal groups.
According to Deputy Chairman of the Public Council of the Tax Service Moscow, Mikhail Uspensky, the USDT does not meet new regulator requirements and removes from the transfer to the Russian Federation. At the same time, he records, new restrictions are not related to the use of stablecoins in foreign economic operations.
Remember that Russian companies began to use bitcoin and other cryptocurrencies for international payments. This became possible after making legislative changes aimed at anti -western penalties
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.