⛔️ Russia 🇷🇺: New Central Bank rules could ban USDT trading by declaring it illegal

⛔️ Russia 🇷🇺: New Central Bank rules could ban USDT trading by declaring it illegal

The new Central Bank rules will come into effect on May 26.

🔣 These regulations won’t stop Russian companies from using USDT in cross-border commercial operations, but they could limit retail investors from purchasing stablecoins.

🔣 In the coming weeks, the regulatory sandbox is expected to expand. This will allow qualified — or even “super-qualified” — investors to get permission to operate with cryptocurrencies on platforms approved by the Central Bank. The selection of permitted tokens will be made by the Bank itself, with no exceptions.

🔣 The rules stipulate that currencies must not be linked to securities issued by entities from so-called hostile countries. The regulator recommends prioritizing projects based in friendly nations.

🔣 The use of tokens that can be frozen by issuers, payment agents, or even by the holders themselves is also banned. Operators could be ordered to remove such tokens from Russian users’ wallets.

These measures signal a tightening of crypto trading regulations in Russia.

#Russia #crypto

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you