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Russia weighs separate stablecoin payment law while keeping cryptocurrency payments banned
On March 4, 2026, a senior official from Russia's finance ministry stated that Moscow wants to legalize stablecoin payments under a dedicated law while continuing to prohibit cryptocurrency as a means of settlement. The ministry intends to classify stablecoins, other crypto assets, and digital financial assets as different types of instruments, with fiat-pegged tokens treated as closest to standard money and regulated after a broader crypto framework is adopted.