Russia's central bank plans to allow businesses to buy foreign stablecoins

PANews reported on June 5 that, according to Cryptonews, the Central Bank of Russia announced a draft plan to allow domestic companies to buy foreign stablecoins, but it is suspected that the purchase of USDT and USDC is prohibited. The proposal is open for public comment and closes on June 15. The draft stipulates that Russian legal persons that do not meet the criteria of "accredited investors" can trade such assets without restrictions. Local media noted that the change in the rules may not open the door for Russian companies looking to trade currencies such as USDT and USDC. At the same time, the Central Bank of Russia proposed to increase the annual investment limit of digital financial assets (DFA) from 600,000 rubles (about $7,570) to 1 million rubles (about $12,600) and remove restrictions on the purchase of DFA by companies. If there are no major objections, the new rules may come into effect before the end of the month.

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