Russia bets on stablecoin payments, rejects cryptocurrency as legal tender

The Russian government is considering legalizing stablecoin payments while banning the use of cryptocurrencies for the same purpose. The fiat-pegged coins are closer to Moscow’s idea of digital currency, and the transactions made with them may be regulated under a separate law after the adoption of a crypto-focused framework. Russia’s finance ministry favors legalizing stablecoin […] source: https://www.cryptopolitan.com/russia-bets-on-stablecoins-reject-crypto/