BCGAME - Free 5BTC Daily Bonus!- Russia wants to regulate cryptocurrencies to boost the economy
- Ministry of Finance proposes strategic use of digital assets
- Digital Ruble and Stablecoins Enter Russian Regulatory Debate
During the Crypto Summit 2025, held in Moscow, Russian Deputy Finance Minister Ivan Chebeskov stated that the country must develop a national strategy that integrates cryptocurrencies and digital assets into the economy. He highlighted the need to align regulations across different types of assets, such as the digital ruble, private cryptocurrencies, and digital financial platforms.
Chebeskov argued that the integration of these technologies can strengthen the Russian financial system, proposing the coordinated use of existing tools. "We would like to have a strategic understanding of the development of this market and how we can combine our digital financial assets, the platform created by the central bank, private cryptocurrencies, and use all these mechanisms to benefit our country," he stated.
Despite the legislation on Digital Financial Assets (DFAs) in effect since 2021, the Russian regulatory framework still does not fully cover decentralized cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The current law recognizes the tokenization of assets and regulates digital rights, but leaves out the free circulation of cryptoassets, something that still faces resistance from the Central Bank of Russia (CBR).
Meanwhile, the BCR is advancing the development of its own digital currency, the digital ruble, with testing beginning in 2023 and public use expected in stages starting in September 2026. The legislation necessary for this implementation has already been signed into law by President Vladimir Putin.
The debate also extends to stablecoins, with the Ministry of Finance and the central bank discussing their regulation. Chebeskov revealed that new rules are being evaluated to allow broader investments, including relaxing access requirements for cryptocurrency-backed financial products.
