Russia Reconsiders Stablecoin Ban Amid US and EU Pressure

According to local reports, Russia’s central bank is re-examining its long-standing opposition to stablecoins. First Deputy Chairman Vladimir Chistyukhin said the Bank of Russia will conduct a study this year on the feasibility of creating a Russian stablecoin.   Previously, Russia had consistently opposed plans for a centralized stablecoin. However, Chistyukhin said foreign practice now warrants a renewed assessment of risks and prospects source: https://beincrypto.com/russia-stablecoin-study-genius-act-eu-digital-euro/