Russia plans to pass standalone legislation to regulate stablecoins, potentially taking effect as early as July

SmartContractAuditor · 2026-03-05T19:32:13+00:00

The Russian Ministry of Finance plans to introduce a bill on independent stablecoins aimed at clarifying the regulatory framework and ensuring alignment with economic interests. The bill will be submitted at the spring session and may take effect in July, emphasizing that the government will continue discussions on regulation with the central bank and market participants. This move is also an important step in responding to sanctions pressures and promoting the legalization of crypto assets.

SmartContractAuditor

2026-03-05 19:32:13

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Odaily Planet Daily reports that the Russian Ministry of Finance is planning to introduce an independent stablecoin bill, rather than including stablecoins in the upcoming cryptocurrency exchange legislation. Alexey Yakovlev, Director of the Financial Policy Department of the Ministry of Finance, stated that stablecoins “have enormous—甚至是惊人的—potential.”

The bill is expected to be submitted during the spring session of the State Duma and could take effect as early as July this year. Currently, stablecoins have no clear legal status in Russia, and the Ministry of Finance aims to clarify the regulatory framework as soon as possible to ensure that issuance aligns with economic interests, especially domestic interests. Yakovlev emphasized that the government will continue discussions with the Central Bank and market participants and plans to regulate stablecoins independently and separately after the main crypto regulations are introduced.

According to data from DefiLlama, since early 2025, the total amount of stablecoins issued worldwide has increased by over 51%, reaching $311 billion. Russia’s move is also seen as an important step toward legalizing crypto assets under sanctions pressure. (DL News)

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